ISET

A nationally representative sample of around 350 Georgians, interviewed in early October, November and December 2019, reveals that the Consumer Confidence Index (CCI) deteriorated in the two consecutive months, October and November, by 0.4 (from -19.3 in September to -19.7 in October) and 2.1 index points (from -19.7 in October to -21.8 in November) respectively. Yet, CCI showed an improvement of 1.8 index points in December (from -21.8 in November to -20 in December). A similar pattern is observed in both sub-indices, the Present Situation Index and the Expectations Index, over recent months, with an exception that in November the Present Situation Index improved by 0.5 index points, compared to October, from -23.6 in October to -23.1 in November.

A nationally representative sample of around 350 Georgians, interviewed in early September 2019, reveals that the Consumer Confidence Index (CCI) has deteriorated by 1 index point; from -18 in August to -19.3 in September. A similar pattern was observed in both sub-indices: the Present Situation Index dropped by 2.2 index points (from -21.3 to -23.5) and the Expectations Index experienced a slight decline of 0.4 index points (from -14.7 to -15.1). Therefore, the overall change in consumer confidence for September correlates most clearly with the Present Situation Index.

Table 1 highlights that almost every group experienced negative changes in September, aside from the “Young”. While, the negative change in CCI is notably higher for the “Without higher education” and “Male” groups. The overall CCI decreased by 3.1 index points for Georgian consumers without a higher education (from -24.1 in August to -27.3 in September) and by nearly 2.6 index points for men (from -18 in August to -20.6 in September). Several issues in particular affected these results: attitudes towards savings, major purchases at present, and expectations about the general economic situation in the country (notably for the groups “Without higher education” and “Male”).

A nationally representative sample of around 350 Georgians, interviewed (every month) in early July and August 2019, reveals that overall the Consumer Confidence Index (CCI) has deteriorated by 2.4 index points since the two previous months, from -15.6 in June to -16.8 in July and to -18 in August.

Table 1 highlights a similar observable pattern in the Present Situation Index, which also declined by about 3.7 index points overall compared to June 2019 (from -17.7 in June to -18 in July and -21.3 in August). The Expectations Index, however, displayed dissimilar changes, with a decrease in July but a slight improvement by August, from -13.6 in June to -15.6 in July and -14.7 in August. Thus, the overall change in consumer confidence in July mostly correlates to the Expectations Index, where in August the opposite is the case and it relates to the Present Situation Index.

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