Industrial production in North Macedonia fell by 4.2% year-on-year in February 2026, easing from a 6.6% decline in January. Energy output declined 19%, reversing a 2.5% increase in the previous month. Output of durable consumer goods declined further (-12% versus -10.5%), while non-durable consumer goods improved slightly (-6.9% versus -11.9%). In contrast, production increased for intermediate goods excluding energy (0.2% versus -4.2%) and capital goods (2.1% versus -5.2%). By sector, production declined for mining and quarrying production (9.6% versus 2.5%) and utilities (17.2% versus 2.8%). Meanwhile, manufacturing decline eased to 1.9%, improving from an 8% decline in the previous month. For the first two months, industrial output declined 5.3% compared to the same period a year earlier. source: State Statistical Office of the Republic of Macedonia

Industrial Production in Macedonia decreased 4.20 percent in February of 2026 over the same month in the previous year. Industrial Production in Macedonia averaged 0.91 percent from 2005 until 2026, 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 April of 2026.

Industrial Production in Macedonia decreased 4.20 percent in February of 2026 over the same month in the previous year. Industrial Production in Macedonia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Industrial Production is projected to trend around 3.10 percent in 2027 and 2.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-06 11:00 AM
Industrial Production YoY
Jan -6.6% 2.3% 1.2%
2026-04-01 10:00 AM
Industrial Production YoY
Feb -4.2% -6.6% 1.8%
2026-04-29 10:00 AM
Industrial Production YoY
Mar -4.2% 2.3%


Related Last Previous Unit Reference
Changes in Inventories 67779.00 44151.00 MKD Million Dec 2024
Corruption Index 40.00 40.00 Points Dec 2025
Corruption Rank 84.00 88.00 Dec 2025
Industrial Production YoY -4.20 -6.60 percent Feb 2026
Manufacturing Production -2.00 -8.00 percent Feb 2026


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
-4.20 -6.60 46.10 -33.50 2005 - 2026 percent Monthly

News Stream
North Macedonia Industrial Output Falls in February
Industrial production in North Macedonia fell by 4.2% year-on-year in February 2026, easing from a 6.6% decline in January. Energy output declined 19%, reversing a 2.5% increase in the previous month. Output of durable consumer goods declined further (-12% versus -10.5%), while non-durable consumer goods improved slightly (-6.9% versus -11.9%). In contrast, production increased for intermediate goods excluding energy (0.2% versus -4.2%) and capital goods (2.1% versus -5.2%). By sector, production declined for mining and quarrying production (9.6% versus 2.5%) and utilities (17.2% versus 2.8%). Meanwhile, manufacturing decline eased to 1.9%, improving from an 8% decline in the previous month. For the first two months, industrial output declined 5.3% compared to the same period a year earlier.
2026-04-01
North Macedonia Industrial Output Rises in December
North Macedonia's industrial production rose 2.3% year-on-year in December 2025, rebounding from a 2.8% drop in November. Manufacturing output increased 4.5%, driven mainly by higher production of food products, beverages, rubber and plastic products, other non-metallic mineral products, motor vehicles, trailers and semi-trailers, and furniture. In contrast, production declined in mining and quarrying (-6.6%) and in electricity, gas, steam and air conditioning supply (-3.9%). By main industrial groupings, output rose sharply for intermediate goods excluding energy (9.8%) and increased for non-durable consumer goods (2.4%), while it fell for energy (-3.9%), capital goods (-0.8%) and durable consumer goods (-3.8%). For 2025 as a whole, industrial production expanded 1.9% compared with 2024. The largest positive contributions to December’s growth came from food products (3.5%), beverages (34.2%) and motor vehicles, trailers and semi-trailers (3.5%).
2026-01-30
North Macedonia Industrial Output Pulls Back
Industrial production in North Macedonia fell by 2.8% from the previous year in November of 2025, erasing the 2.8% increase from the previous month. Output contracted for energy (-8.5%) and capital goods (-4.7%), amid lower production of metal ores (-11.1%). Production also fell for manufacturing (-2%) amid a drop in textiles (-10.5%) and clothing (-14.4%). Conversely, the production of intermediate products with exclusion of energy rose sharply (7.7%). The Macedonian industrial output expanded 1.9% in the year up to November.
2025-12-30