According to the Bank of Albania, the rise in the ESI in May was driven by the improved confidence among the sectors of industry, and services. The services confidence indicator rose by 2.2 percentage points in May.

Conversely, the decline of confidence in the industry and trade sectors provided a negative contribution to the aggregated indicator for the economy. Consumer confidence remained unchanged, at the same level as the previous month

Industry Confidence indicator (ICI) increased by 8 percentage points in May thus offsetting the decline in the previous month. Its level is again above the historical average by approximately 7.8 percentage points this month.  The improvement in the ICI was driven by optimistic assessments of businesses for orders from exports.  Additionally,  businesses  operating  in  industry  sector  were  more  optimistic  about  current  industrial  production. Expectations on prices in the future have  slightly declined compared to the previous month.

The central bank’s survey found that construction confidence indicator (BCI) fell by 3.4 percentage points in May. However, it stands around 13.4 percentage points above the historical average. The BCI dipped this month as businesses lowered both the assessments on current construction activity and expectations regarding order books. Expectations on prices were revised slightly up in May 2025.

Trade Confidence indicator (TCI) declined by 1.8 percentage points in May. The current level of TCI stands around 4 percentage points above the historical average. The more pessimistic assessments of businesses on their current business performance was the main factor behind the decline in the TCI. To a lesser extent, expectations on future employment levels also had a downward impact. Expectations on prices for the future are revised upward.

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Central bank said in its monthly business and consumer confidence survey that the increase was driven by stronger confidence in industry, trade, and consumer sentiment, though construction and services saw declines.

“The higher ESI in this month stemmed from the enhanced confidence in industry, construction and among consumers. On the other hand, confidence across the sectors of industry and services turned down,” Bank of Albania said.

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According to the central bank’s business and consumer survey, the Economic Sentiment Indicator (ESI) stands around 13 points above the historical average.

The improved ESI I in October was mainly driven by the higher confidence in the sector of services, as well as the higher consumer confidence and the increased confidence in the trade sector provided their impact in this regard, though at a lower extent.

On the other hand, confidence indicators in the sectors of industry and construction have declined compared to the previous month.

Industry Confidence Indicator  (ICI)  fell 2.5  percentage  points  in  October, standing around 10 percentage points above the historical average.  The  ICI  was  down  this  month  mainly  as  businesses  reported  less  optimistic appraisals on current industrial production, particularly concerning the level  of  new  order  books.  In  addition,  businesses  operating  in  industry  sector  are  not  optimistic  regarding  the  level  of  industrial  production  for  the  future. Expectations on selling prices in the future slightly decreased compared to the previous month.

Construction  Confidence  Indicator  (BCI)  contracted  by  3.3  percentage  points in October. Though, the current BCI’s level stands 23 points above the historical average and close to the historical maximum. The decline of the BCI in October was driven by both of its components: assessments of current construction business and the level of new order books. Expectations for selling prices in the future also edged down.

Services Confidence Indicator (SCI) rose by 4 percentage points in October, determining the overall increase of the indicator.  The current level of SCI stands 19 percentage points above the historical average. The SCI increased mainly on the back of more positive balances regarding the current performance  of  their  activity  and  the  current  level  of  the  demand.  Services-related businesses have revised down the performance of prices in the future.

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According to the Survey, the current Economic Sentiment Indicator (ESI) stands around 12 percentage points above the historical average.

The ESI growth was mainly driven by the enhanced confidence among the sectors of industry, construction and services.

On the other hand, confidence in the trade sector was slightly down, while consumer confidence remained unchanged from the previous month.

Industry  Confidence  indicator  (ICI)  was  up  by  2.5  percentage  points  in  September 2024, for the fourth month in a raw.

Its current level stands around 14 percentage points above the historical average. ICI picked up on the back of the more positive businesses’ appraisals for the current industrial production and the more optimistic expectations on the export order books form.

Businesses operating in industry sector have revised expectations on prices in the future upward compared to the previous month.

Construction Confidence Indicator (BCI) edged up by 1.2 percentage points in September 2024. Its level continues to stand above the historical average, by around 27 points.

Services  Confidence  indicator  (SCI)  increased  by  3.1  percentage  points  in  September 2024. Its indicator – despite the monthly fluctuations – stands above the historical average by 18 percentage points.

Trade Confidence indicator (TCI) inched down by 2.3 percentage points, after increasing by 6.1 percentage points one month ago.

Consumer Confidence Indicator (CCI)  remained  unchanged  in  September  2024 compared to a month earlier, standing 1.3 percentage points above the historical average.

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