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 |
Related Articles
Orban’s new illiberal axis
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
Green loans in North Macedonia's banking sector up 14.9% y/y in 2Q24
The growth of green loans in North Macedonia’s commercial banks continued in the second quarter of 2024, with an annual increase of 14.9% or by MKD2.6bn (€42.3mn), the central bank said on August ... more
North Macedonia’s Komercijalna Banka launches takeover bid for Stopanska Banka Bitola
North Macedonia's largest bank, Komercijalna banka, announced on August 26 that it has published the takeover bid for local Stopanska banka Bitola. The offered price is set at MKD3,200 (€52) per ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago