Macedonia's Business Sentiment Index in Manufacturing Industry Falls in Oct

The Business sentiment indicator, which is based on expectations in the manufacturing industry, fell by 1.2 points in October from a month earlier, the Statistics Office said in a statement.

The production volume in October decreased slightly compared to the previous month and the expected production volume was more optimistic. Expectations in terms of number of employees was more unsatisfactory.

The average purchasing prices of raw materials was seen increasing, together with the average selling prices of finished goods.

The major problems identified by manufacturing managers in October are low demand abroad (23.5%), low domestic demand (19.1%), financial problems (12.2%) and uncertainty of economic environment (10.6%).

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.