Albania’s consumer confidence index decreased to -11.3 in the second quarter of 2019 from an upwardly revised 9.0 in the previous period. Expectations over the next 12 months deteriorated regarding financial situation (5.2 from 8.8 in Q1); general economic situation (5.4 from 9.9); prices (-24.9 from -23.3); unemployment (9.1 from -2.8) and savings (-42.5 from -40.2). Meanwhile, expectations over the next year improved regarding major purchases (-42.3 from -45). Consumer Confidence in Albania averaged -12.24 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 -10.90 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 -11.60 in 12 months time. In the long-term, the Albania Consumer Confidence is projected to trend around -12.30 Index Points in 2020, according to our econometric models.