News 18 Jul 12

Albanian Gloom About Economy Worsening

New Central Bank data show that consumer confidence has fallen to its lowest level in seven years. 

Besar Likmeta
BIRN
Tirana

According to the bank, consumer confidence in the economy slid by 1.3 point in the second quarter of 2012, compared with its last estimate.

The index registered the outlook of Albanian consumers towards the economy in three main areas, large expenditures, savings and general expectations about the economy.

The consumer confidence index, at -14.5, stands now at its lowest level since the first quarter of 2005.

Data published last week by the National Institute of Statistics, INSTAT, show the economy contracted by 0.2 per cent in the first quarter of the year - a downturn blamed mainly on the eurozone debt crisis.

The worst performing sectors of the economy were industry, construction and post-telecommunications.

The industrial sector alone contracted by 19.6 per cent during the first quarter of this year. 

Talk about it!

blog comments powered by Disqus

Premium Selection

kosovo-sporting-heroine-sets-her-sights-on-rio-07-01-2016
01 Jul 16

Kosovo Sporting Heroine Sets her Sights on Rio

Judoka Champion Majlinda Kelmendi is hoping for a medal at Rio where she will represent Kosovo in the country’s first-ever Olympic Games.

fresh-escapes-from-serbia-s-summer-heat-06-24-2016
01 Jul 16

Fresh Escapes From Serbia’s Summer Heat

With another blistering summer already heating up, escaping to one of Serbia’s aqua parks is a great way to cool down.

01 Jul 16

Kosovo Vows to Halt Serb Refugee Settlement

Latest News from the Balkans

01 Jul 16

Census Results Highlight Impact of Bosnian War

01 Jul 16

Merkel Pledges to Help Bosnia on EU Path