Macedonia’s industrial output rises 9.5% y/y in December 2013

By bne IntelliNews January 28, 2014

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      
  Nov'13 Dec'13 Jan-Dec'13
TOTAL INDUSTRIAL OUTPUT 3.1 9.5 3.2
Energy -9.1 -7.1 0.4
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
Manufacturing  7.1 13.1 2.8
Utilities -2.6 1.9 5.3
Source: Statistics office      

Related Articles

Local elections to test balance of power in Macedonia

Macedonia’s October 15 local elections are seen as a popularity test for both the governing Social Democratic Union of Macedonia (SDSM) and for VMRO-DPMNE, which went into opposition in May after ... more

Macedonia issues first sentence for parliament violence

A Macedonian court has sentenced the attacker of a former opposition MP to four years in prison, media in Skopje said on October 12. The assault took place during the protests in the ... more

Macedonian businessman plans comeback after accusing ex-PM of destroying flagship development

Macedonia’s FON University, owned by businessman Fijat Canoski, has signed a memorandum of cooperation with investors China’s Yida Construction and local firm FINE to build a university campus ... more

Dismiss