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As industry and construction grow, consumer confidence in the economy decreases

2022-07-08 14:24:00, Ekonomi CNA
As industry and construction grow, consumer confidence in the economy decreases
Buildings in Tirana. Illustrative photo

Despite the price crisis, business confidence in the economy increased by 2 percentage points in June.

The main impact was given by industry and construction.

The Bank of Albania reports that the industry confidence indicator has increased by 8.1% and construction by 7.3%, marking a historic increase.

In industry, ordering contracts have increased due to the high demand for goods from abroad, while construction has increased production activity.

Orders for houses are also reported to be increasing, while the businesses of this sector have expressed that in the future they will increase the prices for new apartments.

In contrast to these developments, trade and consumer confidence in the economy appears.

Trade has lowered expectations for sales, but consumers have also expressed pessimism about the future as a result of rising prices.

Consumers have reduced large purchases, while trade businesses report weaker performance and predict job cuts./euronews 





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