The Industry Confidence Indicator in Albania increased by 7.3 points to 4.2 in the third quarter of 2019 from a revised -3.1 in the previous period, boosted by an improvement in production over the past three months (19.4 vs 4 in Q2) and order books (-10.4 vs -19.3). In contrast, stocks of finished products weighed on sentiment (-3.7 vs -6.1). Business Confidence in Albania averaged -7.03 Index Points from 2002 until 2019, reaching an all time high of 5.40 Index Points in the third quarter of 2006 and a record low of -27 Index Points in the first quarter of 2009.
Business Confidence in Albania is expected to be -3.30 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 -4.10 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.