Tracking the Recovery

2 Apr, 2021
  • Excluding the base effect, decline in new mortgage issuance worsened by the end of March
  • Growth of total non-cash spending by residents broadly on the same level as in the previous week
  • Noticeable improvement visible in spending on entertainment and fitness categories
  • Growth remains solid for construction materials and furniture, albeit relatively lower compared to the previous week
  • March occupancies slightly exceed the February level, with Tbilisi and other regions posting more pronounced growth
  • After a slight improvement, non-cash expenses by non-residents dropped in the last two weeks
  • Remittance inflows maintained high growth
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