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ATA - Albania’s economic confidence index grows, industry recording highest growth in Q3

TIRANA, Oct 7 /ATA/ – Albania’s economic confidence indicator rose 3.2 percentage points to 109.0 in the third quarter of 2019, with the industry registering the highest increase in confidence indicator by 7.3 percent, the Bank of Albania said on Monday.
The positive dynamics in the country’s industry (oil, gas, mining) over past few years shifted the Industry Confidence Indicator (ICI) by around 11.4 percentage points above its historical average, central bank said in its latest Quarterly Business and Consumer Confidence Survey.
ICI’s improvement reflected the increase in two of its balances, namely: production 15.4 percentage points and order books 8.9 percentage points.
According to central bank, other balances of the survey, such as export order books, financial situation and employment expectations over the next three months improved as well.
According to Business and Consumer Confidence Survey, this sector’s capacity utilization rate hovers around 75.6% on average. This rate is 0.6 percentage point higher than the level recorded the same period in the previous year and 2.9 percentage points higher than the historical average.

Agency : ATA

Date : 2019-10-09 04:56:39



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