Consumption in North Macedonia
North Macedonia - Consumption
Economic conditions seemingly improved in Q2, after GDP shrank at a somewhat sharper pace in Q1. Retail sales rose strongly year-on-year in the quarter, hinting at firming household spending, while a sharp bounce-back in industrial production points to healthier private sector activity. Meanwhile, merchandise exports and tourist arrivals also jumped compared to Q2 2020. That said, all indicators benefited from an extremely low base effect. The recovery in activity should have carried over into Q3, albeit at a more moderate pace, as suggested by softer but still-healthy growth in retail sales in July. Fiscal data for January-July, which shows the budget deficit narrowed considerably from 2020, is a further sign of recovery. Meanwhile, on 23 August S&P Global Ratings affirmed the country’s credit rating at BB-, highlighting the stability of its banking system.North Macedonia - Consumption Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Consumption (annual variation in %) | 4.4 | 3.9 | 2.1 | 3.7 | 3.5 |
Source: State Statistical Office
North Macedonia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 54.86 | -0.56 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
© Copyright: 2021. | North Macedonia Consumption | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
