Macedonia's industrial producer prices dropped 6.1% y/y in January, deepening from a 3.8% y/y decline in December, reflecting a larger price decline in manufacturing and slower price growth in utilities, statistics office data showed. Compared to the previous month, prices were 0.6% lower in January.
Prices in manufacturing went down 8.3% y/y in January, after contracting by 6.1% y/y in December. Within manufacturing, the highest price increase was recorded in other non-metallic mineral products (+7.7% y/y in January). On the other hand, the deepest decline was reported in the manufacturing of coke and refined petroleum products (-25.2% y/y).
In addition, producer prices in utilities grew 2.4% y/y in January, slowing down from a 6.2% y/y rise the month before. On the other hand, prices in mining rose 11.9% y/y in the first month of 2015, accelerating from a 10.4% y/y growth in December.
January producer prices were lower y/y across all main industrial groups, including energy (-12.3%), intermediate goods except energy (-2%), capital goods (-4.3%), durable consumer goods (-2.1%) and non-durable consumer goods (-2.4%).
|Industrial PPI, % y/y|
|Main Industrial Groups|
|- Intermediate goods except energy||0.5||0.5||-2.0|
|- Capital goods||-7.5||-6.0||-4.3|
|- Durable consumer goods||0.7||2.5||-2.1|
|- Non-durable consumer goods||-1.2||-1.2||-2.4|
|- Mining and quarrying||10.5||10.4||11.9|
|Source: Statistics office|
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