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        
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