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Confidence indicator in Albanian economy drops in Q2: central bank
Last Updated: 2017-07-11 08:35 | Xinhua
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The confidence indicator (ECI) in Albanian economy marked 111.4 in the second quarter of 2017, down by 9.7 points compared with Q1, the Bank of Albania (BoA), the country's central bank, said Monday in its business and consumer confidence survey.

The lowest ECI level reflected a decline in confidence indicators in services and trade, while the confidence of construction businesses and industry as well as consumers trust improved, central bank survey showed.

However, BoA said that current level of ECI in the quarter under review continued to remain above its long-term average and above the level recorded in the same period a year ago.

On the other hand, the Consumer Confidence Indicator (CCI) in Albanian economy improved by 1.2 percentage points in the second quarter.

According to the central bank survey, the CCI stood around 3.3 percentage points above its historical average in Q2.

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