TIRANA, Dec 1 /ATA/ The survey report on the Economic Sentiment Indicators (ESI) for the month of November, released on Friday by the Bank of Albania, states that “business and consumers increased confidence in the contribution of the construction sector to the country’s economy.”
According to the survey of the Bank of Albania, the current level of ESI is about 9 percentage points above the historical average, while it fell by 1.6 points in November.
The report states that the confidence indicator in construction registered an increase of 4.4 percentage points in November, standing about 20 percentage points above the historical average. The increase was mainly driven by more optimistic estimates of current construction activity. The estimate for the level of orders registered an increase, but to a lesser extent. Also, the expectations for employment and the prices they will set in the future have recorded growth.
While the indicator of confidence in the industry fell by 0.6 percentage points in November, marking a slower decline than in the previous month. However, it continues to stand above the historical average. Industry businesses were more pessimistic about ordering contracts, mainly those related to export. On the other hand, they reported improved industrial production.
/r.e/sm/
