Albania’s consumer confidence index increased to -8.7 in the first quarter of 2019 from an upwardly revised -11.9 in the previous three-month period. It was the highest reading in consumer morale since the third quarter of 2017, as expectations over the next 12 months improved regarding financial situation (9.0 from 7.3 in Q4); general economic situation (10.4 from 7.6); savings (-40.2 from -42.1) and unemployment (-3.1 from -0.3). On the other hand, expectations over the next year deteriorated regarding major purchases (-45 from -44.3). Consumer Confidence in Albania averaged -12.25 Index Points from 2003 until 2019, reaching an all time high of -6.30 Index Points in the fourth quarter of 2011 and a record low of -19 Index Points in the fourth quarter of 2004.
Consumer Confidence in Albania is expected to be -11.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Albania to stand at -11.00 in 12 months time. In the long-term, the Albania Consumer Confidence is projected to trend around -12.00 Index Points in 2020, according to our econometric models.