Macedonia’s industrial PPI deflation softens to 3.3% y/y in February

By bne IntelliNews March 30, 2015

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      

Related Articles

Azerbaijan's IBA sees assets fall 29% y/y in 2017 after debt restructuring

The assets of the International Bank of Azerbaijan (IBA), the largest lender in the country, contracted by 28.9% y/y to AZN8.7bn ($5.1bn) in 2017, the state-controlled bank reported on January 10. ... ... more

Macedonia issues €500mn 7-year Eurobond with historic low interest rate

Macedonia issued on January 11 a seven-year €500mn Eurobond with an annual interest rate of 2.75%, the finance ministry said. This is the sixth Eurobond issue placed so far by Macedonia’s ... more

IMF sees economic recovery in Iranian non-oil sectors but urges shoring up of banking system

Iran’s economy is starting to recover more rapidly from years of international sanctions but the country urgently needs to shore up its banks, a senior International Monetary Fund official told ... more

Dismiss