Macedonia’s industrial output growth accelerates to 9.7% y/y in May 2014

By bne IntelliNews June 30, 2014

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        
  Structure Apr'14 May'14 Jan-May'14
TOTAL 100.0 2.2 9.7 4.5
Main Industrial Groupings        
- Energy 16.2 -12.9 -10.8 -14.2
- 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
Sections        
- Mining and quarrying 11.9 0.4 13.9 2.5
- Manufacturing 75.5 6.5 16.2 9.7
- Utilities 12.6 -19.9 -26.1 -19.2
Source: Statistics office        
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Macedonia’s ex-PM Gruevski fears for his life, asks for additional bodyguards

Macedonian ex-prime minister and opposition leader Nikola Gruevski is seeking at least 20 more bodyguards from the state police, as he says he fears his life is threatened. Gruevski, leader of the ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Macedonia’s opposition VMRO-DPMNE tries to block parliament's work

Macedonia’s opposition VMRO-DPMNE party is trying to block the work of the parliament by forming 10 parliamentary groups instead of the single group that is normal for a political party.  ... more

Most Read

  1. Siemens considers quitting Russia
    8 days ago
  2. Wildfires hit Croatia and Montenegro’s Adriatic coast
    4 days ago
  3. Nato still has a mixed reception in Emerging Europe
    8 days ago
  4. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    3 days ago
  5. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    9 days ago
  1. CHINA RISING: When sleeping giants meet
    12 days ago
  2. Belarus’ retail king Euroopt goes on the road
    17 days ago
  3. STOLYPIN: Russia’s cyber-challenge cuts both ways
    19 days ago
  4. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    1 month ago
  5. Siemens considers quitting Russia
    8 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss