The Bank of Albania Bank of Albania reported a slight increase in economic confidence in May. The indicator rose by 1.1 points compared to the previous month.

It now stands around 7 points above the historical average. The central bank said the improvement reflects stronger confidence in several sectors. Construction and services led the growth. Consumer confidence also improved during the month.

Meanwhile, the construction sector increased by 0.7 percentage points. It remained well above its historical average. Activity levels improved, while new orders had a minor negative effect.

In addition, services recorded a strong rise of 3.4 percentage points. Businesses reported better demand and improved performance.  At the same time, industry remained stable. Output increased, but new orders declined slightly.

However, trade confidence fell by 3.3 percentage points. Companies reported weaker sales and employment expectations. Meanwhile, consumer confidence rose by 2.5 percentage points. Even so, it remains slightly below the historical average.

Consumers reported better expectations for personal finances. They also showed improved outlooks for the wider economy. Overall, the data shows mixed but generally positive trends. Economic confidence improved, driven mainly by construction, services, and consumers.

/a.c/