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

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

Dismiss