Indexes
March 2024 | Upheaval of the CCI
01
April
2024
Another rise in CCI. After the downward trends in January and February, the CCI increased by 3.9 index points, from -17.7 in February to -13.8 in March. Both the Expectations Index and the Current Situation Index moved upwards in tandem, increasing by 4 and 3.8 index points, respectively.
On this occasion, the highest increase can be found in current sentiments towards making savings; 40% of respondents think now is a relevant time to make savings compared to 30% in February. Sentiment regarding the current and expected general situation in the country also improved relatively. If in February approximately 58% of respondents thought the economic situation in the country worsened during the past year, in March the respective share was 47%. As for the expectations, 26% of respondents in March believe that the situation will become slightly better within the upcoming year, compared to 20% in February.
Tbilisi vs. the regions. The increase was evident for Tbilisians, as well as for those in the rest of Georgia. For Tbilisians, the Index increased by 4 points, while for the population throughout the rest of the country the rise was 2.8 points.
BAR CHARTS: Consumer Responses by Questions |
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Note: Starting in July, the CCI underwent minor shifts in methodology. Specifically, the questionnaire was slightly modified, in terms of how questions were formulated when conducting a survey.
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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.
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.
