BoA: Economic sentiment indicator grew by 3.7 percentage points in the first quarter of the year

The economic sentiment indicator, which measures business and consumer confidence in the country’s economy, grew by 3.7 percentage points in the first quarter of the year. Referring to the Bank of Albania survey, the growth of confidence in the economy during the January-March period came mainly from businesses, while the perception of consumers for the economy has deteriorated. The findings of the central bank survey show that consumer confidence dropped to the second consecutive quarter by 1.6 percentage points. Three of the balances that form the indicator of trust to citizens, respectively those related to expectations for large purchases, the overall economic situation in the country, as well as income and expenses, have declined. However, in total, the economic sentiment indicator stands above its long-term average. Referring to the survey findings, in the first three months of the year, trade, services and industry are the three sectors that have considerably increased confidence in the economy./Klara Ruci/var 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