Indexes
Business Confidence Index: Turning point?
31
July
2023
For the third quarter of 2023, business confidence in Georgia decreased (by 10.7 index points) and reached 15.7. The highest business confidence is observed in the financial (26.4) sector. The negative change in BCI for Q3 2023 was driven by worsened past performance as well as less optimistic expectations.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, decreased by 9.1 points compared to Q2 2023 and reached 12.7 for Q3 2023, with the manufacturing (25.0) sector showing the strongest past performance.
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The Expectations Index, which reflects business optimism, decreased significantly, amounting to 28.5 index points. Expectations for Q3 2023 were highest in the manufacturing sector (50.0).
The Sales Price Expectations Index decreased by 11.0 index points and settled at 17.3, indicating a decrease in the share of businesses that anticipate charging higher prices on their products over the next three months.
For Q3 2023 lack of a qualified labor force and lack of demand are the most significant obstacles for large companies. Meanwhile, limited access to financing and lack of demand are indicated as major constraints by SMEs.
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Business Confidence Index: Slight downturn in confidence
19
February
2024
For the first quarter of 2024, business confidence in Georgia decreased slightly (by 0.4 index points) and reached 17.7. The highest decrease in business confidence is observed in the trade (-15.1) sector. The negative change in BCI for Q1 2024 was driven by decreased past performance as well as less optimistic expectations.
Business Confidence Index: Back on track?
23
October
2023
For the fourth quarter of 2023, business confidence in Georgia increased (by 2.4 index points) and reached 18.1. The highest increase in business confidence is observed in the trade (+21.7) sector. The positive change in BCI for Q4 2023 was driven by improved past performance as well as more optimistic expectations.
Business Confidence Index: New year, new expectations
23
January
2023
For the first quarter of 2023, business confidence in Georgia increased (by 8.4 index points) and reached 20.1. The highest business confidence is observed in the financial (35.6) sector.
Business Confidence Index: summer edition
28
July
2022
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.
Business Confidence Index: The downward trend continues!
26
April
2022
For the second quarter of 2022, business confidence in Georgia decreased (by 2.2 index points) and reached 15.1. The highest decrease in business confidence is observed in construction (-29.7), and wholesale and retail trade (-7.6) sectors. The negative change in BCI for Q2 2022 was driven by significantly worsened past performance.
