TIRANA, June 3 /ATA/ The Bank of Albania informs that the Economic Sentiment Indicator (ESI) remains close to the highest historical level, about 13 points above the long-term average, although it recorded a slight decrease of 1.1 points in May.
According to BoA, the decline in the confidence indicator in May was influenced by lower levels of confidence in the industry, construction and consumer sectors. On the other hand, confidence increased in the service and trade sectors.
The industry confidence indicator registered a slight decrease of 0.6 percentage points in May. Its level is currently 6.4 percentage points above the historical average. The decline in the indicator this month was mainly influenced by lower estimates for current industrial production.
The construction confidence indicator pursued a slight downward trend for the third month in a row, but its level remains 20 points above the historical average and near the historical maximum. Current orders are estimated to increase. Expectations for the prices they will set in the future have registered a slight increase this month.
The confidence indicator in services increased for the third consecutive month, rising by 2.1 percentage points in May. Its level currently stands at 24 percentage points above the historical average.
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