SKOPJE (Macedonia), October 17 (SeeNews) – The business confidence indicator in Macedonia's construction sector decreased by 0.2 percentage points in the third quarter of 2018 compared to the previous quarter, the country's statistical office, Makstat, said on Wednesday.
The indicator remained unchanged in the July-September period, compared to the same quarter of 2017, Makstat said in a statement.
The expectations for the total orders are less favourable compared to the previous quarter, and the number of employees is expected to decrease during the fourth quarter, the statement reads.
Managers of the business entities in the construction sector expect selling prices to increase in the next quarter.
“The factors that had the greatest influence on limiting the improvement of the current construction activity were: increased material expenditures with 22.4%, no demand with 20.3%, competition in the same sector with 13.8% and shortage of competent staff with 12.1%,” Makstat said.