Macedonia’s industrial PPI rises 0.1% y/y in October

By bne IntelliNews November 14, 2014

Macedonia's industrial producer prices edged up 0.1% y/y in October, reversing a 1.3% y/y drop in September on the back of higher growth in utilities prices and a softer decline in manufacturing costs, statistics office data showed. In the first 10 months of 2014, industrial producer prices decreased by 1.1% y/y on average. Compared to the previous month, prices were flat in October.

Prices in manufacturing fell 1.4% y/y in October, after declining 2.9% y/y in September. Within manufacturing, the highest price increase was recorded in other non-metallic mineral products (+8% y/y), while the deepest decline was reported in fabricated metal products, except machinery and equipment (-8.6% y/y).

In addition, producer prices in utilities grew 6.3% y/y last month, accelerating from a 5% y/y rise in September.

On the other hand, annual growth of producer prices in mining slowed to 10.5% in October from 10.6% the month before.

In terms of industrial groups, October producer prices were higher y/y in energy (+1.9%), intermediate goods, except energy (+0.9%) and durable consumer goods (+0.5%). Producer prices fell y/y in capital goods (-9.8%) and non-durable consumer goods (-1.6%).

Industrial PPI, % y/y      
  Sep'14 Oct'14 Jan-Oct'14
PPI  -1.3 0.1 -1.1
Main Industrial Groups      
- Energy -1.4 1.9 -0.6
- Intermediate goods except energy 0.7 0.9 0.1
- Capital goods -5.2 -9.8 -1.7
- Durable consumer goods 0.5 0.5 0.5
- Non-durable consumer goods -2.2 -1.6 -2.2
Sections      
- Mining and quarrying 10.6 10.5 8.9
- Manufacturing -2.9 -1.4 -1.7
- Utilities 5.0 6.3 -0.1
Source: Statistics office      

Related Articles

Kazakhstan's CAML takes over Macedonian Lynx in $402.5mn mining deal

Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire a 100% interest in Bermuda-based Lynx Resources ... more

October local elections to test Macedonia's fragile political stability, IMF warns

The International Monetary Fund (IMF) said on September 18 it expects the Macedonian economy to slow down to moderate growth of 1.9% in 2017 due to the prolonged political uncertainty. The fund ... more

Macedonia's GDP growth to revive in H2 after political crisis "took its toll" on economy, S&P says

Standard and Poor’s (S&P) rating agency has affirmed its long- and short-term foreign and local currency sovereign credit ratings on Macedonia at 'BB-/B' with stable outlook, the agency said on ... more

Dismiss