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The Georgian Business Confidence Index (BCI) has decreased by 7.4 percentage points (-7.4, QoQ), but at 17.6 it remains higher than it was in the same quarter last year (12.0). The fourth-quarter decrease in the index was mostly driven by a significant decline in expectations.
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The Georgian Business Confidence Index (BCI) has decreased marginally (-1, QoQ), but at 25.0 it remains significantly higher than it was in the same quarter last year (14.8). The third quarter decrease in the index was mostly driven by a significant decline in expectations.
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On June 15, 2016, ISET held a press conference to discuss recent economic indicators of Georgia. In the second quarter of 2016, the two most important economic barometers of consumer and business sentiment in Georgia – the Business Confidence Index (BCI) and the Consumer Confidence Index (CCI) continued to steadily improve.
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The Georgian Business Confidence Index (BCI) has gained 3 points (on a [-100/100 scale])1 due to the strengthening of business expectations. All of a sudden, the expectations of the private sector in Georgia improved and reached 38 index points. This is an improvement from 16 points in the fourth quarter of 2015.
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After the early signs of rebounding seen in Q3 2015, the Georgian Business Confidence Index (BCI) has lost 3 points (on [-100/100 scale])1 on the weakening of business expectations.