Albania’s economic sentiment improves in Q1 2013.

By bne IntelliNews April 18, 2013

Albania’s economic sentiment indicator grew by 4.3pps q/q to 87.3pps in Q1 2013, growing for second consecutive quarter, the central bank said in its business and consumer survey. The index was 12.7 points below its long-term average.

The growth could be mainly attributed to the higher confidence in the construction sector and to a lesser extent to developments in the service sector and among consumers. On the other hand, confidence in the service sector had a negative contribution to the overall index. In particular, confidence in the construction sector increased by 20pps in Q1, rebounding from its historic low reached in Q4 2012. Companies’ improved assessment of demand and production were the main factors behind the positive development. Confidence in the industry sector advanced by 3.2pps q/q in Q1 to 3.3 points below its long- term average. Companies’ assessment of their production and employment improved in the period. The confidence in the service sector slipped by 3.1 pts q/q in Q1 on the back of a negative assessment for overall economic situation and employment as well. The consumer confidence edged by 0.5pps q/q in Q1, following a 3.2pps q/q drop in the previous quarter. This reflected a positive outlook of financial and economic situation.

Related Articles

Kosovan PM sceptical about Western Balkans common market

There would be little advantage for Kosovo to join a common market with fellow Western Balkan countries, Prime Minister Isa Mustafa wrote on his Facebook page after EU Commissioner ... more

Effigy of Albanian PM burned at protest

Supporters of Albania’s main opposition Democratic Party (DP) set fire to an effigy of Prime Minister Edi Rama at a protest on March 18, a video of the protest posted on YouTube ... more

US puts Albania, Bosnia and Serbia on blacklist of major money laundering countries

The US department of state has included Albania, Bosnia & Herzegovina and Serbia in its latest list of major ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss