Albania’s industrial confidence index decreased to -4.1 in the second quarter of 2019 from a downwardly revised -1.8 in the previous period. The reading pointed to the lowest level in industrial morale since the three-months to June of 2016, as new orders (-21 from -19.9 in Q1); new export orders (-24.2 from -10.2) and stock of finished products (-6.1 from -5.7) fell further. Also, expectations deteriorated for employment (6.1 from 9.0) and selling price (0.9 from 5.6). On the other hand, production expectations advanced (42.3 from 33.5). Business Confidence in Albania averaged -7.16 Index Points from 2002 until 2019, reaching an all time high of 4.80 Index Points in the third quarter of 2006 and a record low of -26.40 Index Points in the first quarter of 2009.
Business Confidence in Albania is expected to be -3.10 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 -3.80 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.