ISET

March 2018 extends a long period of “business-as-usual” for Georgian consumers. The overall CCI improved by only 1.6 index points (from -19.1 to -17.5), remaining within the narrow band of [-21, -16] in which it has hovered since July 2017. All the improvement in March is due to the 5.3 index points increase in the Present Situation Index (up from -27.4 to -22.2). Expectations have actually declined by 2 index points (down from -10.8 to -12.8).

Georgian consumer sentiment remained practically unchanged in February 2018, extending a fairly long trend of stability (or stagnation) that goes back to at least August 2017. The CCI lost a tiny 0.2 index points, declining from -18.9 in January to -19.1 index points in February 2018. CCI’s two sub-indices, capturing consumer expectations and present situation assessment, moved in the opposite directions. The Present Situation Index lost 3.8 (declining from -23.6 to -27.4 index points). Its complement, the Expectations Index, added 3.5 points (rising from -14.3 to -10.8 index points). Georgians seem to remain optimistic even when lacking joy in their day-to-day existence.

The second half of 2017 lacked any drama, at least as far as Georgian consumer confidence (CCI) is concerned. During this period, the CCI moved within a very narrow band of [-16; -20] index points, with monthly changes not exceeding one or two points. This trend continued in January 2018 – the CCI lost 1.1 index points, declining from -17.8 in December to -18.9 index points in January 2018. CCI’s two sub-indices, capturing consumer expectations and present situation assessment, moved in the opposite directions. The Present Situation Index climbed 1.9 to -23.6 index points; the Expectations Index, on the other hand, lost a more significant 4.3 index points to -14.3.

Our Partners