New data Current Account (Q3)
11/29/2024
actual 288.88, previous -112.86
On November 29, 2024, at 10:00 AM, the Current Account for the third quarter (Q3) of the year was released for North Macedonia (MK). The actual value reported was 288.88 million Macedonian Denar (MKD). This figure represented a significant increase from the previous value of -112.86 million MKD, showing a positive change of 401.74 million MKD.The Current Account measures the difference between a country's savings and its investment. A positive current account balance indicates that a country is a net lender to the rest of the world, while a negative balance suggests it is a net borrower. In this case, North Macedonia's current account balance improved significantly, which could have positive implications for its economy.
The market impact of this event was considered low, as it fell within the expected range. However, the substantial increase in the current account balance by 355.96% compared to the previous value could still influence market sentiment and investor confidence in North Macedonia's economic performance.
This is not investment advice. Remember to verify the information provided here.
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