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 |
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