June 15 (SeeNews) - The business confidence indicator in North Macedonia's manufacturing sector fell 1.4 percentage points year-on-year in May, to 13.4 points, the country's statistical office said on Wednesday.
On a monthly comparison basis, the business confidence index in manufacturing edged up 0.2 percentage points in May, Makstat said in a press release announcing the results of a monthly survey of local managers.
βThe situation with the current volume of production orders in May 2022 is more favourable compared to the previous month, the expectations for the production volume for the next three months are more favourable, while the stocks of finished goods increased," the statistical office said.
The managers who participated in the survey expect the number of employees in the manufacturing sector to decrease in the coming period.