Industrial production in Macedonia fell 2.1 percent from a year earlier in November 2019, down from a 4.2 percent rise in the previous month. It was the first decline in industrial activity since June, as output dropped for both intermediate goods (-1.8 percent vs 3.2 percent in October) and non-durable consumer goods (-4.2 percent vs 6.2 percent). In addition, production continued to decrease for energy (-10.7 percent vs -8.5 percent) and durable consumer goods (-3.4 percent vs -5.3 percent). Meantime, capital goods production slowed (6.6 percent vs 12.5 percent).
Industrial Production in Macedonia averaged 2.16 percent from 2005 until 2019, reaching an all time high of 24.50 percent in March of 2011 and a record low of -14.50 percent in June of 2009. This page provides - Macedonia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Industrial Production in Macedonia is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Macedonia to stand at 3.60 in 12 months time. In the long-term, the Macedonia Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.