Businesses in Albania started the year more optimistic. They expect better economic activity.

In January, the Economic Sentiment Indicator increased. It stood 10 points above its historical average, according to the Bank of Albania.

First, industry confidence rose by 4.8 percentage points. Production improved. Contracts increased. Exports also grew.

Next, confidence in construction rose by 3.1 points. At the same time, services recorded a strong increase of 7.4 points. Trade followed with a rise of 4.4 points. Overall, expectations across these sectors remain positive.

Meanwhile, consumer confidence did not change. It stayed at about 1.4 points above the historical average.

The survey shows some improvement in large purchases. However, consumers remain cautious. They feel less confident about their personal finances and the country’s future economy.

Finally, the Business and Consumer Confidence Survey provides monthly data. It tracks economic conditions and expectations. The Bank of Albania and the European Union co-finance the survey.

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