Albania - Confianza del consumidor

The Consumer Confidence Indicator in Albania dropped 0.8 points to -12.3 in the third quarter of 2019, the lowest in one year, due mainly to a decline in major purchases (-6.5 points) and to a lesser extent to the reduction in income and expenditure (-0.4 points).

Albania’s consumer confidence index decreased to -11.3 in the second quarter of 2019 from an upwardly revised 9.0 in the previous period. Expectations over the next 12 months deteriorated regarding financial situation (5.2 from 8.8 in Q1); general economic situation (5.4 from 9.9); prices (-24.9 from -23.3); unemployment (9.1 from -2.8) and savings (-42.5 from -40.2). Meanwhile, expectations over the next year improved regarding major purchases (-42.3 from -45).

Albania’s consumer confidence index increased to -8.7 in the first quarter of 2019 from an upwardly revised -11.9 in the previous three-month period. It was the highest reading in consumer morale since the third quarter of 2017, as expectations over the next 12 months improved regarding financial situation (9.0 from 7.3 in Q4); general economic situation (10.4 from 7.6); savings (-40.2 from -42.1) and unemployment (-3.1 from -0.3). On the other hand, expectations over the next year deteriorated regarding major purchases (-45 from -44.3).