Industrial production in Macedonia shrank 9.1 percent year-on-year in August of 2020, marking the 6th straight month of falling industrial output, due to the coronavirus crisis. Production fell in mining and quarrying (-8.9 percent vs -36.1 percent in July); manufacturing (-8.1 percent vs -6.5 percent), namely manufacture of food, beverages, textiles, wearing apparel, rubber and plastic, basic metals; and utilities (-12.3 percent vs -2.6 percent).

Industrial Production in Macedonia averaged 1.28 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 October 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.

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Macedonia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-9.10 -9.50 24.50 -33.50 2005 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 -9.5% -15.1% -9.8%
2020-09-29 10:00 AM Aug -9.1% -9.5% -7%
2020-10-29 11:00 AM Sep -9.1% -9%
2020-11-30 11:00 AM Oct
2020-12-30 11:00 AM Nov


News Stream
Macedonia Industrial Output Continues to Contract
Industrial production in Macedonia shrank 9.1 percent year-on-year in August of 2020, marking the 6th straight month of falling industrial output, due to the coronavirus crisis. Production fell in mining and quarrying (-8.9 percent vs -36.1 percent in July); manufacturing (-8.1 percent vs -6.5 percent), namely manufacture of food, beverages, textiles, wearing apparel, rubber and plastic, basic metals; and utilities (-12.3 percent vs -2.6 percent).
2020-09-29
Macedonia Industrial Output Plunges for 5th Month
Industrial production in Macedonia shrank 9.5 percent year-on-year in July of 2020, the 5th straight decline due to the coronavirus crisis. Production fell in mining and quarrying (-36.1 percent); manufacturing (-6.5 percent), namely manufacture of beverages, textiles, apparel, metal products and non-metallic mineral products, machinery and equipment and others; and utilities (-2.6 percent).
2020-08-31
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).
2020-04-29
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).
2020-03-05

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.