September 2023 | CCI is on the rise
30 October 2023

CCI is on the rise. Over the summer, the Consumer Confidence Index (CCI) oscillated around the new, higher level achieved in June. By September 2023, the CCI had increased by 1.8 index points, from -21.3 in August to -19.5 in September.

June 2023 | CCI: Improvement in consumer sentiment
12 October 2023

Rise in CCI. The Consumer Confidence Index experienced an increase of 3.4 index points – from -24.1 in May to -20.7 in June. This is the highest mark the CCI has reached since the pandemic struck in March 2020. The month-on-month (MoM) positive shift was mostly driven by an increase in consumer expectations about the future economic situation.

Attracting high spending international tourists to Georgia
10 July 2023

In 2022, Georgia’s tourism sector still heavily relied on visitors from neighboring countries. The combined share of Russia, Turkey, Armenia, and Azerbaijan accounted for 62% of the total international visitors' trips. It is important to note that these countries had relatively low levels of expenditure per visit.

May 2023 | CCI: Consumer confidence stays at the same level
27 June 2023

No major shifts in overall May CCI. The Consumer Confidence Index (CCI) decreased marginally from -24 in April to -24.1 in May, largely maintaining the new level it had reached in April. The two sub-indices of the CCI each moved in opposite directions: the Present Situation Index declined by 1 index point, while the Expectations Index rose by 0.6 points.

April 2023 | CCI: Upward trend continues
15 May 2023

Consumer confidence on the rise. The CCI has increased by 4.8 index points, from -28.8 in March to -24 in April.