December 28 (SeeNews) - Macedonia's business sentiment index in the manufacturing sector decreased in November as managers perceived the business climate in the country as increasingly unfavourable compared to the previous month, the Statistics Office said on Monday.
The business sentiment indicator based on expectations in the manufacturing industry, fell by 3.6 percentage points in November from a month earlier, the Statistics Office said in a statement.
The production volume over the past three months increased slightly and the expected production volume and number of employees for the next three months was also more optimistic, compared to October's indicators.
The average purchasing prices of raw materials are seen increasing, together with the average selling prices of finished goods.
The major problems identified by manufacturing managers in November are low demand abroad (25.9%), low domestic demand (19.1%), uncertainty of economic environment (13.0%) and financial problems (12.1%).
NOTE: The Statistics Office releases monthly data for Business sentiment index (BSI) in manufacturing industry, and quarterly data for BSI in the construction and retail sectors.