Industrial production in Macedonia increased 6.4 percent year-on-year in October 2018, following a 4.5 percent gain in the previous month. Output advanced faster for mining & quarrying (12.9 percent from 4.7 percent in September) and manufacturing (6.0 percent from 3.6 percent), namely production of food & beverages; textiles; basic pharmaceutical products & preparations; other non-metallic mineral products; basic metals; electrical equipment; machinery & equipment; motor vehicles, trailers & semi-trailers and furniture. On the other hand, electricity, gas, steam & air conditioning supply went up at a softer pace (7.0 percent from 19.2 percent). Considering the January to October period, industrial activity rose 5.2 percent. Industrial Production in Macedonia averaged 1.85 percent from 2005 until 2018, 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 4.80 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 6.20 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-30 10:00 AM Industrial Production YoY 8.4% 12.1% 10.5%
2018-09-28 09:40 AM Industrial Production YoY 2.1% 8.4% 9.8%
2018-10-30 11:10 AM Industrial Production YoY 4.5% 2.1% 7.3%
2018-11-29 11:00 AM Industrial Production YoY 6.4% 4.5% 3.9%
2018-12-28 11:00 AM Industrial Production YoY 6.4% 2.5%
2019-01-30 11:10 AM Industrial Production YoY 4.80%
2019-03-07 11:00 AM Industrial Production YoY


Macedonia Business Last Previous Highest Lowest Unit
Industrial Production 6.40 4.50 24.50 -14.50 percent [+]
Manufacturing Production 2.60 12.50 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 40.00 40.00 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 30.20 29.90 30.20 -35.80 Index Points [+]
Corruption Index 35.00 37.00 45.00 23.00 Points [+]
Corruption Rank 107.00 90.00 107.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.40 4.50 24.50 -14.50 2005 - 2018 percent Monthly




Country Last Previous
Argentina -6.80 Oct/18
Australia 2.80 Sep/18
Brazil 1.10 Oct/18
Canada 2.76 Aug/18
China 5.40 Nov/18
Euro Area 1.20 Oct/18
France -0.70 Oct/18
Germany 1.60 Oct/18
India 8.10 Oct/18
Indonesia 1.50 Sep/18
Italy 1.00 Oct/18
Japan 4.20 Oct/18
Mexico 1.00 Oct/18
Netherlands 0.80 Oct/18
Russia 3.70 Oct/18
Saudi Arabia 5.84 Jun/18
Singapore 4.30 Oct/18
South Africa 3.00 Oct/18
South Korea 10.70 Oct/18
Spain 0.80 Oct/18
Switzerland 1.40 Sep/18
Turkey -2.70 Sep/18
United Kingdom -0.80 Oct/18
United States 3.90 Nov/18


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