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        

Related Articles

Kazakhstan's CAML takes over Macedonian Lynx in $402.5mn mining deal

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

October local elections to test Macedonia's fragile political stability, IMF warns

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

Macedonia's GDP growth to revive in H2 after political crisis "took its toll" on economy, S&P says

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

Dismiss