Albania's industrial output down 11.2% y/y in 1Q20

Albania's industrial output down 11.2% y/y in 1Q20

By bne IntelliNews June 21, 2020

Albania's industrial production went down by 11.2% y/y in the first quarter of 2020, reversing a 5.4% y/y increase in the previous quarter, according to seasonally unadjusted data released by statistics institute INSTAT on June 19.

The industrial production declined as the country felt the first consequences of the coronavirus (COVID-19) crisis which emerged in March.

Compared with the previous quarter, industrial production plunged by 14.1% after rising by an adjusted 3.6% q/q in 4Q19.

Production volume index in the mining and quarrying subsector fell 18.7% y/y in the first quarter, and plummeted 23.2% q/q.

In the manufacturing industry, the index decreased 8.1% y/y and was lower 7.6% q/q.

On an annual basis, production in the electricity and gas sector jumped 23.7% y/y and declined 2.8% q/q.

The output in the water supply and waste management went down 20.6% on an annual basis and decreased 21.2% q/q in 4Q19.

The output in the Albania's construction sector fell 9.7% y/y and decreased 3.1% q/q in the period under review.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Albania considers TikTok, Snapchat ban after fatal school stabbing

Watchdog warns Western Balkan banks are conduits for money laundering

So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel

Albania considers TikTok, Snapchat ban after fatal school stabbing

Watchdog warns Western Balkan banks are conduits for money laundering

So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel

Data

CBR: October macroeconomic forecast upgrades 2024 growth, but will slow in 2025

The ranges of analysts’ forecasts for the next years have narrowed for most indicators. At the same time, the ranges for GDP growth, unemployment rate, RUB/$ exchange rate, exports, imports and Brent oil price are widening by the end of the period,

Turkey sticks with 50% policy rate for eighth straight month

Reports say some carry traders have closed lira positions, but the smooth nominal devaluation and real lira appreciation policy remains on track.

More than half of Ukrainians favour peace talks as war reaches 1,000 days, finds Gallup poll

Over half of Ukrainians now support negotiations to end the war with Russia, marking a significant shift in public sentiment as the conflict surpasses its 1,000th day, according to Gallup polls released on November 19.

What happens if aid to Ukraine collapses under Trump?

Researchers at the Kiel Institute for the World Economy, which has been tracking aid to Ukraine's war effort, have calculated hypothetical scenarios of what they believe Ukraine aid could look like in 2025, once Trump takes office in January.

Popular support for Ukraine falling amongst allies

Nato's most recent survey of its member country populations showed that even among those nations that are Ukraine's biggest supporters in terms of its war effort against Russia, many constituents disagree with continued support, Statista reports.

CBR: October macroeconomic forecast upgrades 2024 growth, but will slow in 2025

Turkey sticks with 50% policy rate for eighth straight month

More than half of Ukrainians favour peace talks as war reaches 1,000 days, finds Gallup poll

What happens if aid to Ukraine collapses under Trump?

Popular support for Ukraine falling amongst allies

Dismiss

Chat with usLiveChat