BAG Index: 58% of surveyed businesses plan to invest in 2024

58% of the companies surveyed by the Georgian Business Association in the third quarter of 2024 state that their investments in 2024 will increase compared to 2023, 35% expect to remain at the same level, and 7% of respondents predict a decrease.

According to the information of the Georgian Business Association, it is significant that the mentioned indicator has improved compared to the indicator recorded in the first quarter.

"It should be noted that among the sectors, the most optimistic expectations regarding the implementation of investments in 2024 are recorded in the trade sector, in particular, 63% of companies plan an increase in total investments. 58% of surveyed companies have similar expectations in the service and industry sectors, and 57% in the construction sector.

It should also be noted that 58% of the surveyed companies in the current quarter assume that they will increase their investments in the direction of equipment. 59% have similar expectations for software and databases, and 54% plan to invest in buildings.

In total, 93% of businesses report increasing or maintaining investment at the same level in 2024.

We remind you that the investment research within the framework of the BAG index is conducted twice a year and reviews the investment activities of the members of the Georgian Business Association and the companies included in their group. The current study summarizes the investments made in 2023 and reviews the investment plans for 2024. The BAG index is produced by the Business Association of Georgia and the PMC research center based on the methodology of the ifo Institute of Economic Research", the information states.