Macedonia's industrial output rose 5.9% y/y in July 2014, speeding up from a 4.9% y/y growth in June on the back of improved performance of utilities, statistics office data showed. The y/y decrease in the output of utilities narrowed to 7.6% last month from 33.1% in June.
On the other hand, manufacturing production expanded by 10.4% y/y in July, decelerating from a 12.8% y/y rise in June. The strongest increase took place in the manufacturing of motor vehicles, trailers and semi-trailers, with the statistics office only saying that the y/y index exceeded 1,000 (i.e. 10 times growth) in July and in Jan-July. On the other hand, there was no production of coke and refined petroleum products last month.
Also on the negative side, the annual contraction of mining output widened to 12% in July from 9.9% the month before. Output dropped y/y in all three mining subsectors – coal and lignite (down 12.3%), metal ores (down 15.5%) and other mining and quarrying (down 4.1%).
Industrial production grew 4.7% y/y in Jan-July 2014.
|Industrial production volume growth, % y/y|
|Main Industrial Groupings|
|- Intermediate goods industries, except energy||31.4||0.2||5.5||8.2|
|- Capital goods industries||8.0||70.6||47.6||42.5|
|- Durable consumer goods industries||2.5||36.0||-9.2||0.3|
|- Non-durable consumer goods industries||42.0||6.4||5.2||3.8|
|- Mining and quarrying||11.9||-9.9||-12.0||-1.5|
|Source: Statistics office|
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