TIRANA, June 1 /ATA/ – Albania’s economic sentiment indicator edged up by 1.1 points in May, remaining about seven points above its long-term average, data published by the Bank of Albania showed on Monday.
The improvement was driven primarily by stronger confidence in the construction and services sectors, alongside a rise in consumer sentiment, while confidence in trade weakened and industrial sentiment was unchanged.
Confidence in the construction sector rose by 0.7 percentage points, standing 13.3 points above its historical average. The increase reflected more favourable assessments of current building activity, partly offset by a slight deterioration in order books.
Services sector confidence climbed by 3.4 percentage points, supported by more optimistic views on demand and business activity.
Industrial confidence was broadly stable, remaining 8.3 points above its historical average. Higher production expectations were offset by weaker assessments of order books.
Confidence in the trade sector fell by 3.3 percentage points as businesses reported less favourable views on sales and employment prospects.
Consumer confidence increased by 2.5 percentage points but remained 2.1 points below its historical average. The rise was driven by improved expectations for household finances and the overall economic outlook.
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