The indicator stood 7.8 percentage points above its historical average, supported mainly by stronger confidence in construction and among consumers.

Construction confidence rose 6.6 percentage points, putting the indicator 18 points above its long-term average, driven by more positive assessments of current activity and order books.

Consumer confidence increased by around 2.3 percentage points to about five points above its historical average. Consumers were more optimistic about their financial situation and the country’s future economic outlook, while assessments of current and expected purchases of big-ticket items also improved. Expectations for future overall price levels were revised down.

Confidence weakened in the other business sectors. The indicator fell 3.8 percentage points in industry, 2.4 points in services and 1.8 points in trade.

Despite the declines, confidence in all three sectors remained above historical averages, by around three percentage points in industry, five points in services and 10 points in trade.

The September data showed a modest improvement in business and consumer perceptions of economic conditions, with construction and consumers making the main contributions to the rise in overall economic sentiment, the central bank said.

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The Economic Sentiment Indicator rose 1.8 points in August, standing 7.4 points above its historical average, the central bank said in its latest survey.

Construction confidence posted the strongest increase, rising 4.7 points to 10.3 points above its historical average, supported by more positive assessments of current activity and order books.

Trade confidence rose 2.1 points and stood about 11 points above its historical average, helped by stronger assessments of current sales and expectations for employment growth.

Services confidence increased 1.8 points, remaining about 7 points above its historical average, as businesses reported improved demand and current activity.

Industrial confidence, however, fell 1.2 points from July, although it remained 6.4 points above its historical average. The decline was mainly driven by weaker assessments of order books.

Consumer confidence rose 0.8 points in August to 2.2 points above its historical average, supported mainly by more positive views on current and expected purchases of big-ticket items.

The Bank of Albania’s monthly survey covers industry, construction, services, trade and consumers and is used to gauge perceptions of current economic conditions and expectations for the period ahead.

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Despite the monthly decline, the Economic Sentiment Indicator remained 5.4 points above its long-term average, according to the central bank’s latest business and consumer confidence survey.

Industrial confidence fell by 0.8 points, reflecting less optimistic assessments of export order books. However, the indicator remained about 8 points above its historical average. Manufacturers also lowered expectations for production, employment and prices in the coming months.

Confidence in the construction sector dropped by 4.6 points, driven by weaker assessments of current building activity and order books. Even so, the indicator remained around 6 points above its long-term average, while businesses reported higher expectations for prices.

The services confidence indicator declined by 2.4 points as firms gave less favourable assessments of business activity and demand. The indicator nevertheless remained about 5.5 points above its historical average.

Trade confidence fell by 3.2 points, mainly due to weaker expectations for business performance. Retailers also lowered employment expectations while raising price expectations. The indicator remained about 9 points above its long-term average.

In contrast, consumer confidence strengthened during July, rising by 2.2 points to stand 1.2 points above its historical average.

The improvement reflected more positive assessments of the country’s economic outlook, household financial conditions and willingness to make major purchases. Consumers also revised down their expectations for overall price growth.

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The decline was driven by weaker business confidence, while consumer confidence improved, the central bank said.

The industry sentiment indicator was unchanged from October, staying around 1.3 points above its historical average.

Confidence in the construction sector fell by 3.1 percentage points, with both assessments of current construction activity and order levels declining. Price expectations continued to ease.

Sentiment in services dropped by 5.7 points in November, though the indicator remains about nine points above its long-term average. The central bank said the fall reflected less positive assessments of demand and current business performance.

The trade confidence indicator declined by 2.3 points, mainly due to lower expectations for future employment. Price expectations in the sector increased.

Consumer confidence rose by 0.8 points in November, supported by more optimistic expectations about households’ future financial situation and the economic outlook. Assessments of current and expected major purchases remained unchanged from the previous month.

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According to the data, the Consumer Confidence Index (CCI) rose by 0.8% during the month, placing it 1.4% above its historical average. The rise was mainly driven by positive perceptions and expectations regarding major purchases.

In contrast, the broader Economic Sentiment Indicator (ESI) fell by 1.3% in September. However, the indicator remains 7% above its long-term average, the central bank noted.

The decline in economic sentiment was primarily attributed to falling confidence in the trade and industrial sectors, while consumer and services sector sentiment saw gains. Confidence in the construction sector remained unchanged from the previous month.

The Bank of Albania conducts its business and consumer sentiment surveys quarterly (March, June, September, and December), covering indicators such as capacity utilization and financial conditions.

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