Industrial production in Macedonia grew 5.8 percent year-on-year in July 2019, recovering notably from a 2.7 percent slump in the previous month. It was the strongest annual gain in industrial activity since March, driven by electricity, gas, steam & air conditioning supply (51.8 percent vs 34.3 percent in June) and mining & quarrying (15.7 percent vs 5.2 percent). At the same time, manufacturing showed no growth, after shrinking 6.7 percent in the previous month. Year-to-date, industrial production advanced 4.9 percent compared to the same period of 2018. Industrial Production in Macedonia averaged 2.09 percent from 2005 until 2019, reaching an all time high of 24.50 percent in March of 2011 and a record low of -14.50 percent in June of 2009.

Industrial Production in Macedonia is expected to be 6.20 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 5.80 in 12 months time. In the long-term, the Macedonia Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.

Macedonia Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-30 10:00 AM Industrial Production YoY Apr 5.5% 7.5% 7.9%
2019-06-27 10:00 AM Industrial Production YoY May 1.2% 5.5% 5.8%
2019-07-30 10:00 AM Industrial Production YoY Jun -2.7% 1.2% 6.4%
2019-08-30 10:00 AM Industrial Production YoY Jul 5.8% -2.7% -0.5%
2019-09-27 10:00 AM Industrial Production YoY Aug 5.8%
2019-10-30 10:00 AM Industrial Production YoY Sep 6.2%
2019-11-28 11:00 AM Industrial Production YoY Oct


Macedonia Business Last Previous Highest Lowest Unit
Industrial Production 5.80 -2.70 24.50 -14.50 percent [+]
Manufacturing Production -6.70 -0.40 38.50 -23.60 percent [+]
Changes in Inventories 67659.39 51319.90 67659.39 7337.00 MKD Million [+]
Internet Speed 7707.57 7775.41 7775.41 1236.37 KBps [+]
IP Addresses 377561.00 405430.00 421547.00 56872.00 IP [+]
Steel Production 20.00 24.60 40.00 0.00 Thousand Tonnes [+]
Ease of Doing Business 10.00 11.00 69.00 10.00 [+]
Competitiveness Index 56.62 4.23 56.62 3.73 Points [+]
Competitiveness Rank 84.00 68.00 94.00 60.00 [+]
Business Confidence 32.10 32.80 32.80 -35.80 Index Points [+]
Corruption Index 37.00 35.00 45.00 23.00 Points [+]
Corruption Rank 93.00 107.00 107.00 62.00 [+]


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. This page provides - Macedonia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Industrial Production - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.80 -2.70 24.50 -14.50 2005 - 2019 percent Monthly




Country Last Previous
Argentina -1.90 Jul/19
Australia 1.90 Jun/19
Brazil -2.50 Jul/19
Canada 1.44 Jun/19
China 4.40 Aug/19
Euro Area -2.00 Jul/19
France -0.20 Jul/19
Germany -4.20 Jul/19
India 4.30 Jul/19
Indonesia 8.10 Jul/19
Italy -0.70 Jul/19
Japan 0.70 Jul/19
Mexico -1.70 Jul/19
Netherlands -1.90 Jun/19
Russia 2.90 Aug/19
Saudi Arabia 1.40 Dec/18
Singapore -0.40 Jul/19
South Africa -1.10 Jul/19
South Korea 0.60 Jul/19
Spain 0.80 Jul/19
Switzerland 4.80 Jun/19
Turkey -1.20 Jul/19
United Kingdom -0.90 Jul/19
United States 0.50 Jul/19


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