In 3Q2024, the business climate indicator was negative for all sectors. Compared to 3Q2023, in 3Q of 2024, the indicator only improved in the service sectors, - according to the updated review of the BAG index.
In 3Q of 2024, the present business situation indicator worsened in the construction (by -13.1 points), trade (by -12.9 points), and manufacturing (by -7.1points) sectors. The most positive expectations were recorded in the service sector and the business climate indicator improved by 7.0 points..
"The decrease in the business climate indicator in the manufacturing and construction sectors is mainly related to the deterioration of business expectations, and in the trade sector - to the deterioration of the assessment of the current state of business", - accoridng to the report.
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, BAG Employment Barometer and BAG Investment Environment, which are calculated according to the assessments of the top managers of BAG member businesses and companies in their corporate group. PMC Research Center publishes the BAG Index on a quarterly basis.
