The Economic Sentiment Indicator (ESI) fell by 2.6 points in November. However, it remained about 6 points above its long-term average, the Bank of Albania reported.

According to the Bank, the decline in the ESI was driven by lower business confidence, while consumer confidence improved.

The Industrial Confidence Indicator (ICI) remained unchanged from the previous month. It stayed around 1.3 points above its historical average.

The Construction Confidence Indicator (CCI) dropped by 3.1 points in November. Both components contributed to this decline: businesses’ assessment of construction activity and current orders. Price expectations continued to fall this month.

The Services Confidence Indicator (SCI) decreased by 5.7 points. Despite this drop, the SCI remained roughly 9 points above its historical average. Lower confidence reflected less positive business assessments of demand levels and their current business situation.

The Retail Confidence Indicator (RCI) fell by 2.3 points in November. The decrease was mainly due to lower expectations for future employment. Meanwhile, expectations for future prices increased.

The Consumer Confidence Indicator (CCI) rose by 0.8 points in November. The increase was driven mainly by more optimistic expectations for personal finances and the future economic situation. However, components related to major purchases, both current and expected, remained unchanged from last month.