23
September
2019
Recently, Geostat has released the preliminary estimate of real GDP growth for the second quarter of 2019, which now stands at 4.5%. This is only 0.3 percentage points below ISET-PI’s recent forecast. ISET-PI’s forecast of real GDP growth for the third quarter of 2019 stands at 7.1% — 0.4 percentage points lower than last month’s prediction. The first estimate for the fourth quarter growth forecast stands at 5.5%.
02
September
2019
In August 2019, Georgian power plants generated 1,020 mln. kWh of electricity. This represents a 3.6% increase in total generation, compared to the previous year (in August 2018, the total generation was 985 mln. kWh). The increase in generation on a yearly basis comes from the increase in wind (+9%) and hydro power generation (+6%), more than offsetting the decrease in thermal power generation (-8%).
27
August
2019
BCI in the third quarter of 2019 has deteriorated, dropping to 8.3 index points, which is 18.7 index points below the previous quarter. The largest reduction in BCI was observed in retail trade followed by the financial and construction industries. In these sectors, the decrease in BCI is driven by both decline in past performance and reduced expectations. On the contrary, agriculture is the sole industry where BCI increased.
01
August
2019
In July 2019, Georgian power plants generated 1,055 mln. kWh of electricity (Figure 1). This represents a 16.8% decrease in total generation, compared to the previous year (in July 2018, the total generation was 1,268 mln. kWh). The decrease in generation on a yearly basis comes from the decrease in thermal (-52%) and hydro power generation (-17%), more than offsetting the increase in wind power generation (+11%).
08
July
2019
A nationally representative sample of 359 Georgians, interviewed in early June 2019, reveals that the Consumer Confidence Index (CCI) improved by nearly 1 index point, from -16.5 in May to -15.9 in June. A similar pattern was observed in the Present Situation Index, which increased by 1.8 index points (from -19.5 to -17.7). The Expectations Index however remained unchanged at -13.6.
