TIRANA, Oct 2 /ATA/ – The Consumer Confidence Indicator (CCI) in September remained unchanged compared to the previous month of August and very close to its historical average, the Bank of Albania said on Monday.
According to central bank’s business and consumer confidence survey, the CCI components contributed in opposite directions: expectations on major purchases and financial situation in the future picked up, whereas the assessment on current major purchases and expectations on the overall economic situation in the future declined.
The central bank found in its survey he Economic Sentiment Indicator (ESI) declined by 2.4 points in September.
The decrease of the ESI in this month was mainly due to the deteriorated confidence indicator in the sector of construction. Also, the fall of confidence in the sectors of services and trade contributed on the negative side.
By contrast, confidence in the industry sector provided a positive contribution in this month.
Despite the fluctuations recorded in the last months, the ESI level stood at 11 points, considerably above the historical average.
Construction Confidence Indicator (BCI) declined by 9.9 percentage points in September 2023. However, the current BCI continues to be high, standing 18 percentage points above the historical average.
Services Confidence Indicator (SCI) declined by 4.6 percentage points in September, remaining above its historical average by 19 percentage points.
Trade Confidence Indicator (TCI) was slightly down by 0.2 percentage points in September. The current TCI level stands at 12 points above the historical average. The monthly decline was due to more pessimistic expectations on employment in the future.
Industry Confidence Indicator (ICI) was up by 2.3 percentage points in September, currently standing 10.4 points above the historical average.
/r.e/u.sh/
