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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