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).
BAR CHARTS: Consumer Responses by Questions |
|
Recent Publications
View All
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.
