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|
|Main Industrial Groups|
|- 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|
|- Mining and quarrying||10.6||10.5||8.9|
|Source: Statistics office|
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