In September 2022, the Khachapuri Index continued its upward trend and reached 6.30 GEL. The figure is 5.6% higher month-on-month compared to August. Furthermore, Khachapuri Index increased by 38% year-on-year (compared to September 2021).

CCI continues to grow. By the end of the summer, a further, rather moderate increase of the CCI can be observed – from -25.5 in July to -23.9 in August (1.6 index points). There was an increase in both sub-indices – the Expectations Index and the Present Situation Index – of 0.4 and 2.9 points, respectively.

A slight increase in CCI: consumer confidence increased from -30.4 in June to -25.5 in July. This 4.5 index point increase was mostly driven by a jump in expectations – the Present Situation Index increased by 1.1 index points

A slight increase in CCI: Consumer confidence has increased by 0.7 index points – from -31.1 in May to -30.4 in June. The Present Situation Index remained at a similar level with an increase of just 0.2 points

For the third quarter of 2022, business confidence in Georgia increased (by 2.6 index points) and reached 17.7. The highest increase in business confidence is observed in the construction (+13.8) sector. The positive change in BCI for Q3 2022 was driven by significantly improved past performance.