The industry confidence indicator in Albania increased by 9.7 points from the previous period to -20.3 in the third quarter of 2020, as coronavirus-induced restrictions were gradually lifted. Still, the indicator remains well below pre-pandemic levels. The production balance sub-index jumped by 21.9 points and the gauge for order books rose by 9.9 points. Meanwhile, stock of inventories contributed to the dynamic of the indicator slightly on the downside.
Business Confidence in Albania averaged -7.43 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 -30.10 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 October of 2020.
Business Confidence in Albania is expected to be -6.00 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.