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.
The average cost of cooking one standard portion of Imeretian Khachapuri stood at 5.39 GEL in June 2022. This is 2.7% lower MoM (compared to May 2022) and 28.1% higher YoY (compared to June 2021).