Industrial production in Macedonia slipped 6.5 percent from a year earlier in October of 2021, slower than an 8 percent decline in the previous month. Still, it was the fourth consecutive month of output contraction due to decreases in manufacturing (-10.4 percent) on lower production of food products; textiles; wearing apparel; basic metals, machinery and equipment n.e.c, motor vehicles, trailers and semi-trailers. Meanwhile, production rose for both electricity, gas, steam and air conditioning supply (18.6 percent) and mining & quarrying (0.2 percent). source: State Statistical Office of the Republic of Macedonia

Industrial Production in Macedonia averaged 1.33 percent from 2005 until 2021, reaching an all time high of 46.10 percent in April of 2021 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 December of 2021.

Industrial Production in Macedonia is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Industrial Production is projected to trend around 2.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Macedonia Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 10:30 AM Sep -8% -1.4% 0.3%
2021-11-30 11:00 AM Oct -6.5% -8% -9.6%
2021-12-30 11:00 AM Nov -6.5%


Related Last Previous Unit Reference
Industrial Production -6.50 -8.00 percent Oct/21
Changes in Inventories 91618.93 79359.30 MKD Million Dec/19
Business Confidence 28.00 28.30 points Oct/21

News Stream
Macedonia Industrial Output Shrinks for 4th Month
Industrial production in Macedonia slipped 6.5 percent from a year earlier in October of 2021, slower than an 8 percent decline in the previous month. Still, it was the fourth consecutive month of output contraction due to decreases in manufacturing (-10.4 percent) on lower production of food products; textiles; wearing apparel; basic metals, machinery and equipment n.e.c, motor vehicles, trailers and semi-trailers. Meanwhile, production rose for both electricity, gas, steam and air conditioning supply (18.6 percent) and mining & quarrying (0.2 percent).
2021-11-30
Macedonia Industrial Output Falls the Most in 7 Months
Industrial production in Macedonia slipped 8 percent from a year earlier in September of 2021, faster than a 1.4 percent decline in the previous month. It was the third consecutive month of decrease in output and the steepest since February, due to a decline in manufacturing (-15.1 percent) on lower production of food products; textiles; wearing apparel; leather & related products; motor vehicles, trailers and semi-trailers; fabricated metal products, except machinery and equipment; basic metals; computer, electronic & optical products; machinery and equipment n.e.c; and other transport equipment. Meanwhile, production rose for mining & quarrying (30.4 percent) and electricity, gas, steam and air conditioning supply (11.5 percent)
2021-10-29
Macedonia Industrial Output Shrinks in July
Industrial production in Macedonia dropped 0.6 percent from a year earlier in July of 2021, after a 9.5 percent gain in the previous month. It was the first decline in industrial output since February, as output declined for manufacturing industries (-3.9 percent vs 10.8 percent in June), underpinned by the production of food products; beverages; textiles; wearing apparel; basic pharmaceutical products and pharmaceutical preparations; basic metals; fabricated metal products, except machinery and equipment; electrical equipment; machinery and equipment n.e.c; and motor vehicles, trailers and semi-trailers. In addition, electricity, gas, steam & air conditioning supply continued to fall (-4.9 percent vs -8.0 percent), while mining & quarrying increased at a faster pace (39.9 percent vs 9.9 percent).
2021-08-31

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.