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 | |||
| Jan'15 | Feb'15 | Jan-Feb'15 | |
| PPI | -6.1 | -3.3 | -3.6 |
| Main Industrial Groups | |||
| - Energy | -12.3 | -8.8 | -8.7 |
| - 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 |
| Sections | |||
| - Mining and quarrying | 11.9 | 9.2 | 9.1 |
| - Manufacturing | -8.3 | -5.3 | -5.6 |
| - Utilities | 2.4 | 5.0 | 5.4 |
| Source: Statistics office |
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