North Macedonia's industrial production fell 2.0% year-on-year in May 2026, reversing a 7.6% increase in April. The decline was driven by mining and quarrying, which fell 3.6% after a 4.3% rise, and manufacturing, which contracted 2.6% following a 6.8% increase. Meanwhile, electricity, gas, steam and air conditioning supply remained resilient, rising 6.1%, though easing from 22.6%. By industrial grouping, output growth slowed for energy (6.5% vs 17.2%) and intermediate goods excluding energy (3.4% vs 14.1%). Capital goods (-3.3% vs 1.5%) and non-durable consumer goods (-8.4% vs -5.5%) moved deeper into contraction, while the decline in durable consumer goods eased to 1.1% from 4.9%. source: State Statistical Office of the Republic of Macedonia

Industrial Production in Macedonia decreased 2 percent in May of 2026 over the same month in the previous year. Industrial Production in Macedonia averaged 0.94 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 July of 2026.

Industrial Production in Macedonia decreased 2 percent in May 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
2026-06-02 10:00 AM
Industrial Production YoY
Apr 7.6% 3% 4.0%
2026-06-30 10:00 AM
Industrial Production YoY
May -2% 7.6% 4.4%
2026-07-31 10:00 AM
Industrial Production YoY
Jun -2% 2.5%


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 -2.00 7.60 percent May 2026
Manufacturing Production -2.70 6.70 percent May 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
-2.00 7.60 46.10 -33.50 2005 - 2026 percent Monthly

News Stream
North Macedonia Industrial Output Pulls Back
North Macedonia's industrial production fell 2.0% year-on-year in May 2026, reversing a 7.6% increase in April. The decline was driven by mining and quarrying, which fell 3.6% after a 4.3% rise, and manufacturing, which contracted 2.6% following a 6.8% increase. Meanwhile, electricity, gas, steam and air conditioning supply remained resilient, rising 6.1%, though easing from 22.6%. By industrial grouping, output growth slowed for energy (6.5% vs 17.2%) and intermediate goods excluding energy (3.4% vs 14.1%). Capital goods (-3.3% vs 1.5%) and non-durable consumer goods (-8.4% vs -5.5%) moved deeper into contraction, while the decline in durable consumer goods eased to 1.1% from 4.9%.
2026-06-30
North Macedonia’s Industrial Output Jumps in April
North Macedonia’s industrial production growth accelerated to 7.6% year-over-year in April 2026, up from 3.0% in March, as energy output soared 17.2% after a 7.8% contraction the previous month. Intermediate goods production also rose sharply (14.1% vs. 5.1%), and non-durable consumer goods expanded (5.5% vs. 0.4%). However, capital goods growth slowed (1.5% vs. 8.4%), while durable goods output declined significantly (-4.9% vs. 2.2%).
2026-06-02
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