Business Confidence in Macedonia increased to 23.20 points in September from 22.80 points in August of 2020. source: State Statistical Office of the Republic of Macedonia

Business Confidence in Macedonia averaged 8.49 points from 2001 until 2020, reaching an all time high of 35.20 points in February of 2020 and a record low of -35.80 points in August of 2001. This page provides - Macedonia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Business Confidence in Macedonia is expected to be 26.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Macedonia to stand at 32.00 in 12 months time. In the long-term, the Macedonia Business Confidence is projected to trend around 33.00 points in 2021 and 30.00 points in 2022, according to our econometric models.

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Macedonia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
23.20 22.80 35.20 -35.80 2001 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 10:00 AM Jun 21.7 23.8 24
2020-08-17 10:00 AM Jul 22 21.7 22.5
2020-09-18 09:00 AM Aug 22.8 22 23
2020-10-15 10:00 AM Sep 23.2 22.8 25
2020-11-17 11:00 AM Oct 23.2 22.3
2020-12-15 11:00 AM Nov

Macedonia Business Confidence
In Macedonia, the Business Tendency Survey in Manufacturing industry is a qualitative survey that uses opinion-testing techniques and collects a sample of 250 business entities classified in the division No 15 to 36 of the National Classification of Activities (NACE). It collects qualitative (good, satisfactory, bad, up, unchanged, down etc.), not quantitative (numerical) data from business managers on their assessment of the current situation of the main economic indicators in their business entities and their expectations for the directions of movements of those indicators in the near future. The data is presented in the form of balances, obtained by taking the difference between weighted positive and negative answers expressed in percent.