Macedonia’s industrial turnover grows 6.7% y/y in July 2013.

By bne IntelliNews September 16, 2013

Macedonia's industrial turnover rose 6.7% y/y in July after posting a 14.9% y/y growth in June, according to data of the statistics office. The annual growth of industrial turnover has been positive for seven consecutive months, averaging 6.9% in Jan-Jul 2013.

In July alone, domestic turnover, with a 31.1% share in total turnover, dropped by 8.8% y/y. Non-domestic turnover accounted for 68.9% of the total and expanded by 15.6% y/y. Turnover in both mining and manufacturing increased y/y in July, by 4.7% and 6.8%, respectively.

The July breakdown across main industrial groups shows that the positive annual growth of the overall index was driven by energy (up 4.2 times y/y) and capital goods (up 2.2 times y/y). Turnover dropped y/y in the other groups, including intermediate goods except energy (down 0.1%), durable consumer goods (down 15.8%) and non-durable consumer goods (down 15.8%).

The industrial output increased by 3.9% y/y in July.

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