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      

Related Articles

Local elections to test balance of power in Macedonia

Macedonia’s October 15 local elections are seen as a popularity test for both the governing Social Democratic Union of Macedonia (SDSM) and for VMRO-DPMNE, which went into opposition in May after ... more

Macedonia issues first sentence for parliament violence

A Macedonian court has sentenced the attacker of a former opposition MP to four years in prison, media in Skopje said on October 12. The assault took place during the protests in the ... more

Macedonian businessman plans comeback after accusing ex-PM of destroying flagship development

Macedonia’s FON University, owned by businessman Fijat Canoski, has signed a memorandum of cooperation with investors China’s Yida Construction and local firm FINE to build a university campus ... more

Dismiss