Industrial production in Macedonia fell 2.3% YoY in January 2023 after the 1.3% drop in the previous month. Output declined further in manufacturing (-5% vs -2.3% in December) on lower production of food; beverages; chemicals & chemical products; rubber & plastic metals; basic metals; fabricated metal products, except machinery & equipment; electrical equipment; and motor vehicles, trailers & semi-trailers. On the other hand, it increased in mining & quarrying (2.4% vs -2.3%) and electricity, gas, steam & air conditioning supply (23% vs 11.6%). For the entire 2022, industrial production edged 0.3% lower. source: State Statistical Office of the Republic of Macedonia

Industrial Production in Macedonia averaged 1.20 percent from 2005 until 2023, 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. North Macedonia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

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North Macedonia Industrial Production

Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 11:00 AM Dec -1.3% -3.7% 2.0%
2023-03-10 11:10 AM Jan -2.3% -1.3% -2.2%
2023-03-31 10:00 AM Feb

Related Last Previous Unit Reference
Industrial Production -2.30 -1.30 percent Jan 2023
Changes in Inventories 69977.13 55224.62 MKD Million Dec 2021
Business Confidence 24.40 24.70 points Dec 2022

North 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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -1.30 46.10 -33.50 2005 - 2023 percent Monthly

News Stream
Macedonia Industrial Output Shrinks in December
Industrial production in Macedonia fell 1.3% YoY in December 2022, easing slightly from the 3.7% drop in the previous month. Output declined slower in mining & quarrying (-2.3% vs -4.7% in November) and manufacturing (-2.3% vs -5.6%) on lower production of beverages, tobacco products, wearing apparel, chemicals & chemical products, basic metals, fabricated metal products, except machinery & equipment, electrical equipment, motor vehicles, trailers & semi-trailers, and furniture. At the same time, it rose for electricity, gas, steam and air conditioning supply (11.6% vs 15.6%). Considering full 2022, industrial output edged 0.3% lower.
North Macedonia Industrial Output Falls in September
Industrial production in North Macedonia shrank by 0.5 percent from a year ago in September of 2022. Lower output for mining & quarrying (-33.3 percent) and electricity, gas, steam and air conditioning supply (-2 percent) more than offset a rise in manufacturing activity (5.5 percent). Considering the first nine months of the year, industrial production increased by 0.9 percent.