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|
|Main Industrial Groupings|
|- 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|
|- Mining and quarrying||11.9||-4.2||3.0||-1.5|
|Source: Statistics office|
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