Bank of Albania: Confidence indicator increased in construction and trade sectors

Bank of Albania: Confidence indicator increased in construction and trade sectors
 Bank of Albania said in its Business and Consumer Confidence Survey on Thursday that the confidence indicator increased in construction and trade sectors compared with the previous quarter, but this increase was insufficient to offset the fall of the Economic Sentiment Indicator (ESI) by 2.7 points due to the downward of confidence in other sectors.

According to the findings of the Central Bank survey, the economic situation in third quarter of 2015 is assessed as improved by the industry businesses and is expected to improve further in the last fourth quarter of this year.

According to Central Bank, the respective balances rose by 6.1 and 3.6 percentage points. Assessment for the overall situation resulted less optimistic. The balance for the assessment of the current situation fell by 1.5 percentage points, while expectations for the next quarter fell by 0.7 percentage points.

The evaluation of the domestic demand was also lower than in the previous quarter with the balance of this indicator falling by 4.6 percentage points. Meanwhile, businesses assessed the demand for exports up. The balance of this indicator rose 4.1 percentage points, Bank said.
Bank of Albania: Confidence indicator increased in construction and trade sectors Bank of Albania: Confidence indicator increased in construction and trade sectors Thursday, October 15, 2015 Rating: 5
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