Macedonia's industrial producer prices decreased 3.3% y/y in February, softening from a 6.1% drop in January on the back of smaller price decline in manufacturing and higher price growth in utilities, statistics office data showed. Compared to the previous month, prices were 0.1% higher in February.
Prices in manufacturing went down 5.3% y/y in February, after contracting 8.3% y/y in January. Within manufacturing, the highest price increase was recorded in leather and related products (+8.2% y/y in February). On the other hand, the deepest decline was reported in the manufacturing of coke and refined petroleum products (-20.9% y/y).
Producer prices in utilities rose 5% y/y in February, accelerating from a 2.4% y/y growth the month before.
On the other hand, prices in mining went up 9.2% y/y in February, slowing down from an 11.9% y/y growth the month before.
Across main industrial groups, February producer prices were higher y/y in durable consumer goods (+0.7%) and non-durable consumer goods (also +0.7%), but lower y/y in energy (-8.8%), intermediate goods except energy (-1.3%) and capital goods (also -1.3%).
|Industrial PPI, % y/y|
|Main Industrial Groups|
|- Intermediate goods except energy||-2.0||-1.3||-1.1|
|- Capital goods||-4.3||-1.3||-2.3|
|- Durable consumer goods||-2.1||0.7||0.6|
|- Non-durable consumer goods||-2.4||0.7||-0.3|
|- Mining and quarrying||11.9||9.2||9.1|
|Source: Statistics office|
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