29
November
2019
The Khachapuri Index continued its upward trend in November 2019, with the average cost of cooking one standard Imeretian Khachapuri reaching 4.1 GEL. This is 6.1% higher month-on-month (compared to October 2019), and 12.6% higher year-on-year (compared to November 2018).
28
November
2019
In October 2019, Georgian power plants generated 800 mln. kWh of electricity. This represents a 2% increase in total generation, compared to the previous year (in October 2018, the total generation was 783 mln. kWh). The increase in generation on a yearly basis comes from the increase of 8% in thermal and 0.4% in hydropower generation, more than offsetting the decrease in wind power generation (-19%).
27
November
2019
According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth constituted 5.7% year over year (y/y) in Q3 2019. As a result, estimated real GDP growth for the first nine months of 2019 amounted to 5.0%, which is above the National Bank of Georgia’s (NBG) growth forecast for 2019 (the forecast remained unchanged at 4.5%). Meanwhile, based on September’s data, ISET-PI expects annual growth in 2019 to be 4.9%.
18
November
2019
Recently, GeoStat has released its preliminary estimate of real GDP growth for the third quarter of 2019. The Q3 growth rate now stands at 5.7%, which is 1.4% below ISET-PI’s last forecasted value. As a result, the estimated real GDP growth for the first nine months of 2019 amounted to 5.0%.
29
October
2019
A nationally representative sample of around 350 Georgians, interviewed in early September 2019, reveals that the Consumer Confidence Index (CCI) has deteriorated by 1 index point; from -18 in August to -19.3 in September. A similar pattern was observed in both sub-indices: the Present Situation Index dropped by 2.2 index points (from -21.3 to -23.5) and the Expectations Index experienced a slight decline of 0.4 index points (from -14.7 to -15.1).
