Macedonia's industrial output rose 9.7% y/y in May, speeding up from a 2.2% y/y increase in April on the back of improved performance in manufacturing and mining, statistics office data showed.
Manufacturing production increased 16.2% y/y last month, accelerating from a 6.5% y/y rise in April. 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 in May (and also in Jan-May). At the other extreme, production of coke and refined petroleum products dropped 70.6% y/y last month.
Mining output grew 13.9% y/y in May, after edging up 0.4% y/y the month before. On the other hand, the annual decrease in utilities’ production deepened to 26.1% last month from 19.9% in April.
Industrial production grew 4.5% y/y in Jan-May 2014.
|Industrial production volume growth, % y/y|
|Main Industrial Groupings|
|- Intermediate goods industries, except energy||31.4||6.8||6.4||10.7|
|- Capital goods industries||8.0||61.8||77.0||36.1|
|- Durable consumer goods industries||2.5||-10.6||-19.7||-4.5|
|- Non-durable consumer goods industries||42.0||-4.1||10.9||2.8|
|- Mining and quarrying||11.9||0.4||13.9||2.5|
|Source: Statistics office|
Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire 100% interest in Lynx Resources Limited, the owner of the SASA zinc-lead mine ... more
The International Monetary Fund (IMF) said on September 18 it expects the Macedonian economy to slow down to moderate growth of 1.9% in 2017 due to the prolonged political uncertainty. The fund ... more
Standard and Poor’s (S&P) rating agency has affirmed its long- and short-term foreign and local currency sovereign credit ratings on Macedonia at 'BB-/B' with stable outlook, the agency said on ... more