TIRANA, April 12 /ATA /- Business confidence in the Albanian economy has grown while staying above its long-term average.
According to the Bank of Albania (BoA), the economic sentiment indicator increased by 3.7 points in the first quarter of this year, supported by the trade, service and industry sector.
“The confidence indicator in the service sector increased by 3.6% points compared to the previous quarter. Currently, it stays 20% points above the historical average. The growth of this indicator in the first quarter of the year was substantially stimulated by the improvement in demand, with the growth of index by 8.5% points,” according to BoA report.
The confidence indicator in the trade sector grew by 6.8% points.
While, confidence indicator in the industry sector increased by 2.4% points in the first quarter of 2018, reflecting higher production growth, inventory status reduction, and increase of ordering agreements.
The first quarter growth moved the confidence indicator around 10.2% points above the historical average. e.xh/ /a.g//a.i/
