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