Albania's industrial confidence index decreased to an over two-year low of -2.0 in the first quarter of 2019 from -1.3 in the previous period. Expectations deteriorated for production (33.6 from 41.1 in Q4) and employment (9.4 from 13.1). In addition, new orders (-20.1 from -11.3) and new export orders (-9.2 from -8.5) fell further. On the other hand, production over the past three months (9.1 from 1.7) was assessed more positively and the expected selling price increased (5.6 from 4.4). Business Confidence in Albania averaged -7.27 Index Points from 2002 until 2019, reaching an all time high of 4.80 Index Points in the third quarter of 2006 and a record low of -26.40 Index Points in the first quarter of 2009.
Business Confidence in Albania is expected to be -2.80 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Albania to stand at -3.30 in 12 months time. In the long-term, the Albania Business Confidence is projected to trend around -5.00 Index Points in 2020, according to our econometric models.
In Albania, the Industrial Confidence Indicator measures entrepreneurs' sentiment about production expectations, employment, order books and stocks of finished products. The Index is seasonally adjusted and varies between -100 and 100. The ICI equals -100 when there is extreme lack of confidence, 0 indicates neutrality and 100 extreme confidence. This page provides - Albania Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Business Confidence - actual data, historical chart and calendar of releases - was last updated on April of 2019.