BAKU, Azerbaijan, June 21
By Tamilla Mammadova – Trend:
Georgia's business climate has improved in 2Q2021, compared to 1Q2021, Trend reports via the data from the Business Association of Georgia (BAG).
“In the manufacturing sector, the business climate indicator has been positive since 3Q2020 and continues to improve. Unlike the trade and service sectors, in the manufacturing sector, the positive assessment of the business climate can be attributed to both a positive assessment of the current situation and optimistic expectations for the near future. In this period, local production and sales prices in the manufacturing sector have both been increasing for the majority of companies”, the report reads.
In 2Q2021, the business expectations indicator was positive for all sectors, except construction sector. The most optimistic predictions were recorded in the trade sector, largely due to an expected increase in sales prices and sales.
In 2Q2021, compared to 1Q2021, expectations improved in the trade (by 25 points) and manufacturing (23.9 points) sectors, but worsened in the construction (-66.1 points) and service (-6.9 points) sectors, said the report.
“The optimism of respondents goes in line with the lari’s appreciation trend against the USD that was recorded after sharp depreciation in April. Despite the recent appreciation of the lari, the share of companies that expect the lari to depreciate against the USD in the next six months remains high (49 percent)”, the BAG report said.
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