TIRANA, Aug 17/ATA/ Private consumption is providing a positive contribution to the expansion of aggregate demand in the second consecutive quarter, the Bank of Albania-BoA said on Tuesday.
The Bank of Albania said that, households have increased expenditures on services and non-food items, reflecting the reduction of uncertainties.
The growth of loans to households, the increase of salaries and incomes in the form of remittances have financed the growth of private consumption in the first quarter.
According to the BoA, consumer confidence has gradually improved and supporting the execution of expenditures.
Based on official data, in the second quarter of this year, private consumption has continued to follow un upward trend. Both consumer goods imports and imported vehicles marked strong growth in the second quarter of 2021. //a.i/
