Consumer Confidence Index

Details: Created: 15 May 2018

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.

Read the full article

Details: Created: 26 April 2018

See interactive chart

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.

Read the full article

Details: Created: 31 December 2017

See interactive chart

Georgian Consumer Confidence (CCI) continued to improve, albeit slightly, in December 2017. CCI added 0.5 index points over November 2017, and 8.7 index points y/y, that is compared to December 2016. Interestingly, people’s perceptions of the recent past and expectations diverged in December. CCI’s Present Situation sub-index went down by 2.3 points m/m, from -23.2 to -25.5), whereas the Expectations sub-index went up by 3.4 index points (from -13.4 to -10). However, both sub-indices ended the year ahead of their last year’s levels. The Present Situation sub-index demonstrated a rather modest improvement of only 4.3 index points (from -29.8 to -25.5). The Expectations sub-index added a very healthy 13.2 index points (from -23.2 to -10), betraying a sense of cautious optimism on the part of Georgian consumers.

Read the full article

Page 11 of 25

CCI Methodology

The ISET Consumer Confidence Survey follows the standard EU methodology (see Useful Links): we randomly sample 300-350 individuals on a monthly basis and question them about the past, current and future financial situation of their families and the country as a whole.Consumer confidence is the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs. Read more