Macedonia's industrial production volume index increased by 9.5% y/y in December, accelerating from the 3.1% y/y growth in November on the back of improved performance in all three sections - manufacturing, mining and utilities, according to data of the statistics office.
Industrial production grew by 3.2% in full 2013.
The manufacturing output rose by 13.1% y/y in December, speeding up from the 7.1% y/y increase in November. The strongest increase in production was registered in manufacturing of other machinery and equipment (up 73.4% y/y), while the manufacturing of coke and refined petroleum products recorded the largest drop - of 99.7% y/y.
Mining output fell 4.2% y/y in December, which was slower that November's 15.8% y/y decline. The output in utilities rose by 1.9% y/y, reversing a 2.6% y/y decline in November.
The industrial production increased by 6.9% y/y in October 2013. Thus, the sector’s performance has been quite strong in the last quarter of 2013, which bodes well for the GDP growth in the period.
|Industrial production volume indices, % y/y|
|TOTAL INDUSTRIAL OUTPUT||3.1||9.5||3.2|
|Intermediate goods industries, except energy||10.6||4.8||-0.8|
|Capital goods industries||0.1||43.8||9.0|
|Durable consumer goods industries||11.9||4.3||6.2|
|Non-durable consumer goods industries||2.4||14.2||6.3|
|Mining and quarrying||-15.8||-4.2||3.4|
|Source: Statistics office|
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