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Mariam Katsadze
Ana Burduli
Giorgi Papava

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Business Confidence Index
ISET Policy Institute, working in partnership with BIA (Business Information Agency) and International Chamber of Commerce in Georgia (ICC), started to implement the Business Confidence Survey from December 2013 and will publish the Business Confidence Index (BCI) on quarterly bases. Business confid
ence for Georgia is measured by seven sector-specific indices focusing on services, retail trade, agriculture, manufacturing industry, financial service, construction and other sectors. For each sector, confidence is measured through a simple survey instrument targeted at top business executives.
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Business Confidence Index: business expectation running ahead of reality
16 May 2017

The Georgian Business Confidence Index (BCI)* has improved quite substantially, reaching 29.0 index points, which is an 11.5 index points improvement over the last quarter. The second-quarter increase in the BCI was mostly driven by strong performance in the last quarter and quite a significant improvement in expectations.
Business Confidence Index: the private sector anticipates a price increase
28 February 2017

The Georgian Business Confidence Index (BCI) continues to decline, albeit at a slower pace. The first-quarter decrease in the Index was mostly driven by a significant decline in past performance.
Business Confidence Index: expectations linger, while performance catches up
12 December 2016

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.
Business Confidence Index: weakened business optimism amid robust performance
09 September 2016

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.
Business Confidence Index: self fulfilling expectations in action? – Q2 2016
15 June 2016

The Georgian Business Confidence Index (BCI) continues to improve. Unlike last quarter, the second-quarter increase in the index was mostly driven by a significant improvement in performance rather than in business expectations, which kept rising albeit at a marginal pace.
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