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Fortenova sells agri unit to Podravka for 333 mln euro
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Macedonia's Business Sentiment Index in Retail Sector Falls in Q3

Nov 16, 2009, 3:22:29 PMArticle by Yordan Todorov
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November 16 (SeeNews) - Macedonia's Business sentiment index for the retail sector fell in the third quarter, as managers perceived the business climate in the country to be much worse than in the same period last year, the Statistics Office said on Monday.

Macedonia's Business Sentiment Index in Retail Sector Falls in Q3

The third-quarter Business sentiment indicator (BSI), based on expectations of managers in the retail sector, fell by 9.9 points from the same period of 2008, and was 2.3 points down from the previous quarter, Statistics Office data showed.

The biggest challenges facing retail managers in the first quarter were weak demand (32.6%) and increased costs (20.7%).

The Statistics Office releases monthly data for the BSI in the manufacturing industry, and quarterly data for the BSI in the construction and retail sectors.

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