Industrial production in Macedonia increased 16.5 percent from a year earlier in May of 2021, following a record 46.1 percent surge in the previous month. Output expanded markedly in manufacturing industries (27.2 percent), underpinned by production of motor vehicles, trailers and semi-trailers (54.5 percent) and wearing apparel (4.6 percent). Meanwhile, industrial output plunged both in mining & quarrying activities (-22.0 percent) and in electricity, gas, steam & air conditioning supply (-27.9 percent). source: State Statistical Office of the Republic of Macedonia
Industrial Production in Macedonia averaged 1.42 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 July of 2021.
Industrial Production in Macedonia is expected to be 7.60 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 1.80 in 12 months time. 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.