Tracking the Recovery
- 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