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). source: State Statistical Office of the Republic of Macedonia
Industrial Production in Macedonia averaged 1.46 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 September 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. 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.