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4.2.2 PPI dynamic
Georgia’s PPI for industrial products up 6.7% y/y in February
Georgia’s Producer Price Index (PPI) for industrial products increased by 6.7% y/y in February this year, after a 7.1% and 7.8% y/y rise in January and December, respectively, according to the national statistics office.
It was the lowest producer inflation since June last year as cost decreased for manufacturing, electricity, gas, steam and air conditioning supply and mining. On a monthly basis, producer prices decreased by 0.3% in February.
4.3 Fixed investment
Georgia -Fixed capital 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 investment
Gross fixed capital formation (GEL mn)
3,520.3 2,458.8 3,190.9 3,136.7 3,292.4 2,213.3 2,984.2 3,215.3
Source: CEIC
Georgia expecting S1.5bn in financing from IFIs this year says PM
The European Union, International Monetary Fund (IMF), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), German Development Fund and French Development Agency will provide Georgia with $1.5bn in financing by the end of 2020, according to Georgian Prime
19 GEORGIA Country Report September 2020 www.intellinews.com
