Sugar and honey, raw or not, will raise blood sugar if you eat enough it.
Fructose (far sweeter than glucose) is the real culprit. Honey is mostly fructose and fructose alone is better than fructose/glucose combinations (ie, white sugar). When there is too much fructose the liver cannot process all of it and the body turns it to fat. When glucose and fructose are combined, more fructose is absorbed than when fructose is consumed alone. Small amounts of fructose actually help your body process glucose. In short, all other benefits of honey aside, small amounts of honey are not hard on the body and can benefit glucose to energy production.