Albania’s industrial confidence index decreased to -4.8 in the first quarter of 2020 from a downwardly revised -1.6 in the previous period. It was the lowest reading in industry morale since the second quarter of 2016, mainly due to a decline in financial situation (-4.4 vs 12.3). On the other hand, expectations improved for output (32.8 vs 24.5), employment (5.6 vs 2.1) and selling prices (1.7 vs -0.6).
Business Confidence in Albania averaged -6.93 points from 2002 until 2020, reaching an all time high of 5.40 points in the third quarter of 2006 and a record low of -27 points in the first quarter of 2009. This page provides - Albania Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Industry Confidence Indicator - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Business Confidence in Albania is expected to be -8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Albania to stand at -12.00 in 12 months time. In the long-term, the Albania Industry Confidence Indicator is projected to trend around -8.00 points in 2021 and -6.00 points in 2022, according to our econometric models.