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 | ||||
| Structure | Jun'14 | Jul'14 | Jan-Jul'14 | |
| TOTAL | 100.0 | 4.9 | 5.9 | 4.7 |
| Main Industrial Groupings | ||||
| - Energy | 16.2 | -26.9 | -8.8 | -15.1 |
| - 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 |
| Sections | ||||
| - Mining and quarrying | 11.9 | -9.9 | -12.0 | -1.5 |
| - Manufacturing | 75.5 | 12.8 | 10.4 | 10.3 |
| - Utilities | 12.6 | -33.1 | -7.6 | -19.6 |
| Source: Statistics office |
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