Albania’s consumer confidence index dropped to -21.8 in the second quarter of 2020 from an upwardly revised -15.4 in the previous period. It was the lowest reading on record, as the coronavirus pandemic hit sentiment. Expectations over the next 12 months regarding financial situation (-2.7 vs 5.2 in Q1); general economic situation (-10.4 vs -0.5); savings (-56 vs -44.8) and major purchases (-58.6 vs -55.5); and unemployment (22.9 vs 9.1)
Consumer Confidence in Albania averaged -12.44 points from 2003 until 2020, reaching an all time high of -6.20 points in the fourth quarter of 2011 and a record low of -21.80 points in the second quarter of 2020. This page provides - Albania Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Consumer Confidence in Albania is expected to be -15.90 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 -13.00 in 12 months time. In the long-term, the Albania Consumer Confidence is projected to trend around -12.50 points in 2021 and -12.30 points in 2022, according to our econometric models.