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      
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