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|
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 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 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