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.

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Macedonia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 4.20 24.50 -14.50 2005 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 10:00 AM Aug 9.8% 5.8% 7.2%
2019-10-30 11:00 AM Sep 6.1% 9.8% 6.2%
2019-11-28 11:35 AM Oct 4.2% 6.1% 4.8%
2019-12-30 11:30 AM Nov -2.1% 4.2% 5.1%
2020-01-30 11:00 AM Dec -2.1% -0.2%


News Stream
2019-11-28
Macedonia Industrial Output Grows the Least in 5 Months
Industrial production in Macedonia increased 4.2 percent year-on-year in October 2019, easing from a 6.1 percent rise in the previous month. It was the lowest annual gain in industrial activity since May, as output slowed for non-durable consumer goods (6.2 percent vs 7.0 percent in September). In addition, production fell for energy (-8.5 percent vs 25.5 percent) and durable consumer goods (-5.3 percent vs 14.7 percent). On the other hand, output rebounded for intermediate goods (3.2 percent vs -3.5 percent) and rose faster for capital goods (12.5 percent vs 6.4 percent).

2019-10-30
Macedonia Industrial Output Growth Slows to 6.1%
Industrial production in Macedonia rose 6.1 percent year-on-year in September 2019, following a 9.8 percent jump in the previous month. Output growth slowed for electricity, gas, steam & air conditioning supply (32.2 percent vs 47.9 percent in August) and mining activity plunged (-7.4 percent vs -1.4 percent). Meanwhile, manufacturing advanced slightly faster (4.6 percent vs 4.5 percent). Considering the first nine months of the year, industrial output went up 5.6 percent compared to the corresponding period of 2018.

2019-09-27
Macedonia Industrial Output Rises the Most in 7 Months
Industrial production in Macedonia rose 9.8 percent year-on-year in August 2019, following a 5.8 percent gain in the previous month. It was the biggest increase in industrial output since January, as manufacturing production advanced 4.5 percent, after a flat reading in July. On the other hand, electricity, gas, steam & air conditioning supply output growth eased (47.9 percent from 51.8 percent) and production of mining & quarrying dropped (-1.4 percent from 15.7). Considering the first eight months of the year, industrial output went up 5.5 percent compared to the corresponding period of 2018.

2019-08-30
Macedonia Industrial Output Rebounds Sharply in July
Industrial production in Macedonia grew 5.8 percent year-on-year in July 2019, recovering notably from a 2.7 percent slump in the previous month. It was the strongest annual gain in industrial activity since March, driven by electricity, gas, steam & air conditioning supply (51.8 percent vs 34.3 percent in June) and mining & quarrying (15.7 percent vs 5.2 percent). At the same time, manufacturing showed no growth, after shrinking 6.7 percent in the previous month. Year-to-date, industrial production advanced 4.9 percent compared to the same period of 2018.


Macedonia Industrial Production
In Macedonia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.