Business Confidence in Macedonia increased to 34.40 points in January from 33.90 points in December of 2019. Macedonia Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Macedonia averaged 7.88 points from 2001 until 2020, reaching an all time high of 34.40 points in January 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. source: State Statistical Office of the Republic of Macedonia

Business Confidence in Macedonia is expected to be 28.00 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 17.00 in 12 months time. In the long-term, the Macedonia Business Confidence is projected to trend around 17.00 points in 2021 and 15.00 points in 2022, according to our econometric models.

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Macedonia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
34.40 33.90 34.40 -35.80 2001 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-11-18 01:00 PM Oct 32.8 32.2 32.4
2019-12-17 12:10 PM Nov 33.3 32.8 32.5
2020-01-16 11:00 AM Dec 33.9 33.3 32
2020-02-17 01:05 PM Jan 34.4 33.9 32.2
2020-03-17 11:00 AM Feb 34.4 33
2020-04-15 10:00 AM Mar 28
2020-05-15 10:00 AM Apr
2020-06-16 10:00 AM May

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.