In Q4 of 2020, the Business Association of Georgia (BAG) assess their present business situation negatively, while their expectations for the next six months are positive - such is the overall result of the survey carried out by BAG regularly among its member businesses.
In Q4 of 2020, BAG business climate indicator amounts to -12.8 points, with the present business situation indicator sitting at -30 and the business expectations indicator at 6.5 - the survey shows.
As for the expectations for the first quarter of 2021, BAG members identify the following possible trends:
As for the expectations for the first quarter of 2021, BAG members identify the following possible trends:
- In Q1 of 2021, compared to Q4 of 2020, a small share of the surveyed BAG members (15.1%) expect an increase in the number of employees, while 28.3% predict a decrease. The majority of surveyed
members (56.6%) do not expect any change in this regard.
- In Q1 of 2021, compared to Q4 of 2020, small proportions of respondents in manufacturing (20%), service (12%), construction (16.7%), and trade (17.6%) expect the number of employees to increase.
- In Q1 of 2021, compared to Q4 of 2020, 32.1% of surveyed BAG members expect sales prices to increase, while 52.8% do not expect this figure to change, and 15.1% expect sales prices to decrease.
- In Q1 of 2021, compared to Q4 of 2020, a large proportion of respondents in the service sector (64%) and the construction sector (66.7%) do not expect sales prices to change. Moreover, 35.3% of those surveyed in the trade sector and 40% of those surveyed in the manufacturing have the same expectation.
- In Q1 of 2021, compared to Q4 of 2020, half of the surveyed companies in the construction sector expect sales to decrease.
- In Q1 of 2021, compared to Q4 of 2020, 80% of surveyed businesses in the manufacturing sector expect domestic production to decrease.
- In Q1 of 2021, compared to Q4 of 2020, 32% of respondents in the service sector expect sales to decrease, while 52.9% of respondents in the trade sector have the same expectation. Prepared by PMC Research Center and ifo Institute.
members (56.6%) do not expect any change in this regard.
- In Q1 of 2021, compared to Q4 of 2020, small proportions of respondents in manufacturing (20%), service (12%), construction (16.7%), and trade (17.6%) expect the number of employees to increase.
- In Q1 of 2021, compared to Q4 of 2020, 32.1% of surveyed BAG members expect sales prices to increase, while 52.8% do not expect this figure to change, and 15.1% expect sales prices to decrease.
- In Q1 of 2021, compared to Q4 of 2020, a large proportion of respondents in the service sector (64%) and the construction sector (66.7%) do not expect sales prices to change. Moreover, 35.3% of those surveyed in the trade sector and 40% of those surveyed in the manufacturing have the same expectation.
- In Q1 of 2021, compared to Q4 of 2020, half of the surveyed companies in the construction sector expect sales to decrease.
- In Q1 of 2021, compared to Q4 of 2020, 80% of surveyed businesses in the manufacturing sector expect domestic production to decrease.
- In Q1 of 2021, compared to Q4 of 2020, 32% of respondents in the service sector expect sales to decrease, while 52.9% of respondents in the trade sector have the same expectation. Prepared by PMC Research Center and ifo Institute.
The Business Association of Georgia (BAG) Index is a joint product of the Business Association of Georgia, PMC Research Center, and the ifo Institute for Economic Research. The BAG Index summarizes the BAG Business Climate and BAG Employment Barometer, which are calculated according to the assessments of the top managers of BAG member businesses. The report also includes an analysis of the impact of COVID-19 on the members of BAG. PMC Research Center publishes the BAG Index on a quarterly basis.
