The industry confidence indicator in Albania jumped to -1.5 in the first quarter of 2021, from -11.0 in the prior period, the highest value since the third quarter of 2019 and the first time above pre-pandemic levels. Improvements were mainly seen in production (7.6 from -12.8 in Q4); order books (-18.8 from -30.6); stock of inventories (-6.7 from -10.4); expectations of selling prices (7.7 from 3.1); and employment expectations (2.5 from -0.1). At the same time, the capacity utilization rate expanded to 74.6 percent, from 72.2 percent in the previous quarter. source: Bank of Albania
Business Confidence in Albania averaged -7.40 points from 2002 until 2021, reaching an all time high of 5.50 points in the second quarter of 2017 and a record low of -29.40 points in the second quarter of 2020. 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 May of 2021.
Business Confidence in Albania is expected to be -12.00 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 -8.00 in 12 months time. In the long-term, the Albania Industry Confidence Indicator is projected to trend around -6.00 points in 2022, according to our econometric models.