Albania’s industrial confidence index declined to -29.7 in the second quarter of 2020 from an upwardly revised -5.7 in the previous period. It was the lowest reading in industrial morale since on record, amid the coronavirus crisis. Sentiment weakened regarding the financial situation (-59.8 vs -6.5 in Q1); and expectations over employment (-2.5 vs 4.9) deteriorated. Meanwhile, expectations improved regarding output (33.9 vs 32.7) and selling prices (7.3 vs 1.7).
Business Confidence in Albania averaged -7.26 points from 2002 until 2020, reaching an all time high of 5.50 points in the second quarter of 2017 and a record low of -29.70 points in the second quarter of 2020. This page provides - Albania Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Industry Confidence Indicator - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Business Confidence in Albania is expected to be -7.00 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 -12.00 in 12 months time. In the long-term, the Albania Industry Confidence Indicator is projected to trend around -8.00 points in 2021 and -6.00 points in 2022, according to our econometric models.