TIRANA, Oct. 16 (Xinhua) -- The economic sentiment indicator (ESI), which measures the perception of businesses and consumers for the economic situation and their expectancies for the future, deteriorated in Albania in the third quarter of 2015, a local newspaper reported Friday.
The ESI "stood at 102 during Q3 of 2015, fell by 2.7 points from the previous quarter," Albanian Daily News quoted the country's central bank as saying in a statement.
"The ESI fluctuated around its long-term average during 2015. Currently, it stands 2 points above this average. The indicator performance in Q3 was negatively affected by the downward confidence in the services industry and from the downward consumer confidence," said the statement.
The increased confidence in the construction and trade sectors "gave a positive contribution in this quarter, but it was insufficient to offset the downward of confidence in other sectors," it added.
According to the central bank, Albania's economic situation in the third quarter of 2015 is assessed as improved by industrial businesses and is expected to improve further in the final quarter of this year.
