Indexes
November 2022 | CCI: Consumer confidence remains low
20
December
2022
Minor shifts in CCI. The Consumer Confidence Index decreased from -28.3 in October to -28.6 in November (a 0.3 index point decline). The sub-indices shifted marginally in different directions; the Present Situation Index rose by 0.2 index points, while the Expectations Index fell by 0.2 points.
Although overall consumer confidence remained almost at the same level, various indicators changed their direction. Consumers’ expectations about their personal financial situations decreased by 7 points. This is likely due to the recent increase in prices within major consumption basket categories. Expectations on future price changes also declined (8 points), as more people now feel unsure whether the inflationary trend will stabilize in the near future. Another decline can be seen in sentiment about future employment levels, which increased rather unexpectedly in September but fell in November (by 7 points). On a positive note, expectations relating to major purchases increased by 9 points. This might be attributable to the effect of Black Friday, when consumers are highly prone to shopping in response to the many sales on offer.
In November, the sentiment of Tbilisians and of individuals in the regions diverged. For Tbilisians, it improved by 1.8 points, while it fell by 3.1 points across the rest of Georgia. In Tbilisi, increased expectations about making major household purchases had a significant impact on lifting local sentiment (an 18-point increase). As for residents in rest of Georgia, the major concern relates to further price increases (a 13-point decrease).
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February 2024 | Downward trend continues
31
March
2024
CCI declines further. After a small decline in the Consumer Confidence Index in January, the downward trend continued further in February – the CCI dropped from -15.5 in January to -17.7 in February (by 2.2 index points). On this occasion, the two sub-indices diverged in different directions
January 2024 | A setback in CCI
18
February
2024
A slight trend reversal in the CCI. After a rise in the Consumer Confidence Index (CCI) in December, January saw a small decline – from -14.1 in December to -15.5 in January, dropping by 1.4 index points. This fall is evident in both sub-indices – the Present Situation Index declined by 0.9 points and the Expectations Index by 2 points.
December 2023 | Jump in the CCI
21
January
2024
CCI sees improvement. The Consumer Confidence Index has experienced a significant positive shift, increasing by 6 index points – from -20.1 in November to -14.1 in December. Both the Present Situation Index and the Expectations Index contributed to this notable increase; however, the predominant factor was the rise in expectations (the Present Situation Index rose by 4.7 points and the Expectations Index by 7.4).
November 2023 | CCI declines
04
December
2023
The upward trend reversed. The Consumer Confidence Index lost its rising trend and fell by 3.7 index points, moving from -16.4 in October to -20.1 in November. Both the Present Situation Index and the Expectations Index contributed to this decline, with the Present Situation Index declining by 5 index points, while the Expectations Index decreased by 2.4 points.
October 2023 | A further increase in the CCI
16
November
2023
The upward trend continues. The Consumer Confidence Index experienced further growth of 3.1 index points – from -19.5 in September to -16.4 in October. This time, the Present Situation Index led the increase by shifting upwards 5.5 points, while the Expectations Index rose more moderately, by 0.5 points.
