TIRANA, July 2 /ATA/ – Financial situation and the capacity utilization rate of businesses in Albania has improved in the second quarter of 2024 compared to the same period of the previous year, the Bank of Albania said in its latest Economic Sentiment Index.
“The balance of the financial situation in industry and services sector has expanded by 7.7 percentage points compared to the same period of 2023. The capacity utilization rate has also expanded in all business and economy sectors. The services sector has recorded highest growth rate with 3.1 percentage points,” central bank said.
Albania’s Economic Sentiment Indicator is currently estimated 10.1 percentage points higher than the historic average, although it declined by 2.6 points in June.
The ESI fall was mainly driven by weakening indicators of trade, service and construction sectors. The decline in industry and consumer confidence also influenced the ESI.
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