Indexes
October 2022 | CCI: Descending confidence
22
November
2022
Worsened CCI. The Consumer Confidence Index fell from -24.1 in September to -28.3 in October (a 4.2 index point decline). Both the Expectations Index and the Present Situation Index moved downwards in tandem, declining by 3.3 and 5.1 points, respectively.
Relatively, the most notable fall is seen from consumer sentiment regarding making major household purchases (such as washing machines, computers, ovens, refrigerators, etc.), given the current circumstances (an 11-point decline). The indicator maintained a positive trend over the summer within the overall CCI, however, the trend reversed in October. Additionally, expectations about making such purchases in the upcoming year declined (9 points). One possible explanation might be the reduction in consumers’ current disposable income compared to the summer, when the income from trade and tourism was high. Two-digit inflation is also contributing to reduced disposable income, as food and housing have become particularly expensive. In October, according to the annual inflation rate, the price of food and non-alcoholic beverages increased by 15.8%, and for housing, water, electricity, gas, and other fuels by 13.5%. Furthermore, people’s ability to save fell by 7 points. This indicator depicted a significant downward trend, starting from July and reached its lowest mark since the hit of the pandemic, which can be explained by all the above-mentioned factors.
Sentiment worsened for both Tbilisians and residents from the rest of Georgia. For people living in the capital, the CCI fell by 4.1 and for the rest – by 4.5.
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October 2024 | CCI deteriorating
10
November
2024
A notable fall in CCI. The decreasing trend has continued after the summer, with the CCI dropping even further in October – from -19.5 in September to -24.9 in October (a 5.4 index point decrease). Both sub-indices contributed to this decline, where the Present Situation Index fell by 6.7 index points and the Expectations Index by 4.2 points.
September 2024 | Decrease in CCI
20
October
2024
A slowed rebound. The CCI fluctuated over the summer, reaching its highest value for the period in August before a decline in September. After the Index had recovered in June, the CCI experienced a slight downturn in July, from -16.7 index points to -18.5, reaching -15.4 points in August and falling to -19.5 in September.
June 2024 | Quick recovery of CCI
29
July
2024
Certain factors negatively influencing consumer sentiment in May failed to have a lasting effect. In June, consumers’ ability to save showed significant improvements, with those able to save a proportion of their income increasing from 2% to 25%.
May 2024 | A notable drop in CCI
08
July
2024
A sharp decrease in CCI. The declining trend that started in April continued in May, with the Consumer Confidence Index dropping by 9.5 index points – from -17.8 in April to -27.3 points in May. The decline was present in both CCI sub-indices, however, it was more prominent in the Present Situation Index. Namely, the Expectations Index declined by 5.5 index points, while the Present Situation Index decreased by 13.4 points.
April 2024 | The CCI is falling
01
May
2024
Decline in the CCI. After the Consumer Confidence Index rose in March, the trend once again reversed in April – with the CCI declining by 4 index points, from -13.8 in March to -17.8 in April. Both the Present Situation and the Expectations Index each decreased, however, the decline was more prominent for people’s expectations; the Present Situation Index decreased by 1.6 points, while the Expectations Index fell by 6.4 points.
