Macedonia’s industrial producer prices fall 0.7% y/y in June 2014

By bne IntelliNews July 14, 2014

Macedonia's industrial producer prices decreased 0.7% y/y in June 2014, after edging down 0.2% y/y in May, statistics office data showed. The wider annual contraction last month reflects deeper price declines in manufacturing and utilities.

June is the 11th month in a row in which producer price deflation has been recorded. In H1 2014, industrial producer prices decreased by 1.5% y/y on average. Compared to the previous month, producer prices eased 0.2% in June.

Prices in manufacturing went down 0.9% y/y last month, after falling 0.6% y/y in May. Within manufacturing, the highest price increase took place in other non-metallic mineral products (up 8.1% y/y in June), while the deepest decline was reported in tobacco products manufacturing (down 8.1% y/y). Producer prices in utilities dropped 2.3% y/y in June, after declining 0.5% y/y the month before.

The annual growth of mining prices was 10.5% last month, unchanged from May.

In June, producer prices were lower y/y in just one group – non-durable consumer goods (down 2.5%), but this was sufficient to keep the total index in negative territory. Producer prices increased y/y in all other groups, including energy (up 0.6%), intermediate goods except energy (up 0.2%), capital goods (up 2%) and durable consumer goods (up 0.5%).

Industrial PPI, % y/y      
  May'14 Jun'14 H1'14
PPI  -0.2 -0.7 -1.5
Main Industrial Groups      
- Energy 2.3 0.6 -1.8
- Intermediate goods except energy 0.1 0.2 -0.2
- Capital goods 2.3 2.0 -0.7
- Durable consumer goods 0.5 0.5 0.1
- Non-durable consumer goods -2.7 -2.5 -2.1
Sections      
- Mining and quarrying 10.5 10.5 7.8
- Manufacturing -0.6 -0.9 -1.8
- Utilities -0.5 -2.3 -2.5
Source: Statistics office      
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

ArcelorMittal proposes to divest assets in Czech Republic, Macedonia and Romania

International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more

Macedonian MPs debate no-confidence motion against government

Macedonian MPs started debating a no-confidence motion filed by the opposition VMRO-DPMNE party against the government on April 11. The opposition party accused the government of increasing crime and ... more

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Most Read

  1. Romanian developers get in the game
    3 days ago
  2. Putin and Trump trying to walk back Syria strike and sanctions tensions
    4 days ago
  3. What’s the cost of US sanctions on Russia?
    5 days ago
  4. E-commerce dramatically eats into foot traffic at Moscow’s leading shopping malls
    16 days ago
  5. Romania entrepreneur aims to put home-grown UAV defence technology industry on the map
    5 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    25 days ago
  2. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    12 days ago
  3. Romanian developers get in the game
    3 days ago
  4. KRUK REPORT: Nadia Savchenko, Ukraine’s fallen hero
    30 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    4 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss