Albania - Confianza Empresarial

The Industry Confidence Indicator in Albania increased by 7.3 points to 4.2 in the third quarter of 2019 from a revised -3.1 in the previous period, boosted by an improvement in production over the past three months (19.4 vs 4 in Q2) and order books (-10.4 vs -19.3). In contrast, stocks of finished products weighed on sentiment (-3.7 vs -6.1).

Albania’s industrial confidence index decreased to -4.1 in the second quarter of 2019 from a downwardly revised -1.8 in the previous period. The reading pointed to the lowest level in industrial morale since the three-months to June of 2016, as new orders (-21 from -19.9 in Q1); new export orders (-24.2 from -10.2) and stock of finished products (-6.1 from -5.7) fell further. Also, expectations deteriorated for employment (6.1 from 9.0) and selling price (0.9 from 5.6). On the other hand, production expectations advanced (42.3 from 33.5).

Albania’s industrial confidence index decreased to an over two-year low of -2.0 in the first quarter of 2019 from -1.3 in the previous period. Expectations deteriorated for production (33.6 from 41.1 in Q4) and employment (9.4 from 13.1). In addition, new orders (-20.1 from -11.3) and new export orders (-9.2 from -8.5) fell further. On the other hand, production over the past three months (9.1 from 1.7) was assessed more positively and the expected selling price increased (5.6 from 4.4).