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. PMC Research Center publishes the BAG Index on a quarterly basis.
Here are the main expectations that the Index had identified as main expectations of BAG business members for 1Q21:
- In 1Q21, compared to 4Q20, 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 1Q21, compared to 4Q20, small proportions of respondents in manufacturing (20%), service (12%), construction (16.7%), and trade (17.6%) expect the number of employees to increase;
- In 1Q21, compared to 4Q20, 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 1Q21, compared to 4Q20, 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 1Q21, compared to 4Q20, half of surveyed companies in the construction sector expect sales to decrease;
- In 1Q21, compared to 4Q20, 80% of surveyed businesses in the manufacturing sector expect domestic production to decrease;
- In 1Q21, compared to 4Q20, 32% of respondents in the service sector expect sales to decrease, while 52.9% of respondents in the trade sector have the same expectation.
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 analysis of the impact of COVID-19 on the members of BAG.
