Industrial Production in Macedonia decreased 15.10 percent in June of 2020 over the same month in the previous year.

Industrial Production in Macedonia averaged 1.43 percent from 2005 until 2020, reaching an all time high of 24.50 percent in March of 2011 and a record low of -33.50 percent in April of 2020. This page provides - Macedonia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Industrial Production in Macedonia is expected to be -9.00 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 5.80 in 12 months time. In the long-term, the Macedonia Industrial Production is projected to trend around 6.50 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Macedonia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-15.10 -27.00 24.50 -33.50 2005 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 10:00 AM Mar -13.4% 3.5% 0.5%
2020-05-29 10:15 AM Apr -33.5% -13.4% -15.7%
2020-06-29 10:00 AM May -27% -33.5% -20%
2020-07-30 10:00 AM Jun -15.1% -27% -12.8%
2020-08-31 10:00 AM Jul -15.1%
2020-09-29 10:00 AM Aug
2020-10-29 11:00 AM Sep -9%
2020-11-30 11:00 AM Oct

News Stream
Macedonia Industrial Output Falls the Most in Nearly a Decade
Industrial production in Macedonia dropped 13.4 percent year-on-year in March 2020, following a 3.5 percent gain in the previous month. It was the sharpest decline in industrial output since September 2010, due to mining & quarrying (-10.8 percent compared to 7.7 percent in February) and manufacturing (-14.3 percent compared to 6.5 percent). On the other hand, production of electricity, gas, steam and air conditioning supply fell at softer pace (-11.5 percent compared to -13.3 percent).
Macedonia January Industrial Output Rebounds Slightly
Industrial production in Macedonia went up 0.3 percent year-on-year in January of 2020, recovering slightly from a 5.9 percent slump in the previous month. Production bounced back for mining & quarrying (9.4 percent vs -24.2 percent in December) and manufacturing (4.6 percent vs -3.1 percent). In contrast, output fell deeper for electricity, gas, steam and air conditioning supply (-15.8 percent vs -12.1 percent).
Macedonia Industrial Output Falls the Most Since 2007
Industrial production in Macedonia fell 5.1 percent year-on-year in December 2019, following a 2.1 percent decrease in the previous month. It was the second straight monthly decline in industrial activity and the sharpest since August 2007. Output dropped faster for both electricity, gas, steam and air conditioning supply (-12.1 percent vs -9.6 percent in November) and mining and quarrying (-24.2 percent vs -11.9 percent). In addition, manufacturing production slumped 3.1 percent, after increasing 0.7 percent in the prior month. For full 2019, industrial output advanced 3.7 percent, slowing from a 5.4 percent gain in 2018.
Macedonia Industrial Output Falls for 1st Time in 5 Months
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).

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.