Macedonia’s industrial output growth cools to 5.8% y/y in November

By bne IntelliNews December 31, 2014

Macedonia's industrial output growth decelerated to 5.8% y/y in November from 7.5% y/y in October due to a slowdown in manufacturing, statistics office data showed.

Manufacturing production widened by 3.4% y/y in November, decelerating from a 7.9% y/y rise the month before. 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 (i.e. 10 times growth) in November and in January-November. On the other hand, no coke and refined petroleum products were manufactured in November.

Mining output expanded by 3% y/y in November, reversing a 4.2% y/y decline in the previous month. Production rose in other mining and quarrying (+16.9% y/y in November) and mining of metal ores (+7.8% y/y), but dropped in mining of coal and lignite (-13.7% y/y).

Output of utilities increased by 27.7% y/y in November, accelerating from a 21.3% y/y growth in October.

Industrial production grew 5.2% y/y in the first 11 months of 2014.

Industrial production volume growth, % y/y        
  Structure Oct'14 Nov'14 Jan-Nov'14
TOTAL 100.0 7.5 5.8 5.2
Main Industrial Groupings        
- Energy 16.2 16.9 17.4 -12.2
- Intermediate goods industries, except energy 31.4 2.0 7.9 7.0
- Capital goods industries 8.0 49.0 78.1 48.7
- Durable consumer goods industries 2.5 -19.6 5.9 -3.3
- Non-durable consumer goods industries 42.0 2.7 -9.9 2.9
Sections        
- Mining and quarrying 11.9 -4.2 3.0 -1.5
- Manufacturing 75.5 7.9 3.4 9.7
- Utilities 12.6 21.3 27.7 -15.1
Source: Statistics office        
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

ArcelorMittal proposes to divest assets in Czech Republic, Macedonia and Romania

International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more

Macedonian MPs debate no-confidence motion against government

Macedonian MPs started debating a no-confidence motion filed by the opposition VMRO-DPMNE party against the government on April 11. The opposition party accused the government of increasing crime and ... more

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Most Read

  1. Europe pushes back against US sanctions on Russia
    1 day ago
  2. Romanian developers get in the game
    5 days ago
  3. Putin and Trump trying to walk back Syria strike and sanctions tensions
    6 days ago
  4. What’s the cost of US sanctions on Russia?
    7 days ago
  5. Is Armenia facing a colour revolution? Popular protests on the rise in Emerging Europe
    1 day ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    27 days ago
  2. Europe pushes back against US sanctions on Russia
    1 day ago
  3. Romanian developers get in the game
    5 days ago
  4. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    14 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    6 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss