According to the Bank of Albania, the indicator that measures the confidence of businesses and consumers increased by 2 points in November and currently stands 2.3 points above the long-term average. The improvement of this indicator was mainly influenced by the increase in confidence in the construction and service sectors.

Also, the improvement in consumer confidence and that in the trade sector positively influenced growth, although to a lesser extent. On the other hand, confidence in the industry sector registered a decline in November.

The confidence indicator in construction recorded an increase of 5.8 percentage points in November. This development was determined by more optimistic estimates for current construction orders, as well as for future employment.

The assessment of current activity in the construction sector also registered growth, but to a lesser extent than the other components. Expectations for prices in the future have also experienced a slight increase.

The indicator of confidence in services marked a positive turn, increasing by 3.2 percentage points in November, after declining during the previous four months. The growth was influenced by positive assessments, both for the current performance of the business and for the level of demand.

Estimates of service businesses for the level of employment have not significantly changed from last month. However, their expectations for future price developments declined.
/r.e/sm/