TIRANA, July 3 /ATA/ – The Economic Sentiment Indicator (ESI) rose by 0.8% in June, according to the latest Bank of Albania’s Business and Consumer Confidence Survey.
The rise in the ESI aggregate indicator resulted from the higher confidence across the sectors of industry, construction and trade coupled with the improved consumer confidence.
The Industry Confidence Indicator (ICI) rose by 1.2 percentage points in June 2023, mainly driven by the optimistic appraisals on order books, mainly from exports. Meanwhile, businesses operating in these sectors have decreased their expectations on both production and employment for the future. Their selling price expectations for the future have maintained the upward trend in the recent months.
Construction Confidence Indicator (BCI) edged up by 2.2 percentage points in June, hitting the historical high. The BCI’s surge recorded in June was driven by the higher assessments of businesses on both their current activity in construction and the level of current order books. Businesses operating in construction revised up the expectations for employment and selling prices.
Trade Confidence Indicator (TCI) continued on the same upward trend, by around 0.7 percentage points.
Services Confidence Indicator (SCI) was the only indicator to shrink by 1.6% in June, although SCI stands around 27.5 percentage points above the long-term average, recording one of the highest historical values.
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