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.

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Macedonia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 9.50 46.10 -33.50 2005 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 10:00 AM Apr 46.1% 7.6% 9.8%
2021-06-30 10:00 AM May 16.5% 46.1% 18.5%
2021-07-30 10:00 AM Jun 9.5% 16.5% 7.6%
2021-08-31 10:00 AM Jul -0.6% 9.5% 7.6%
2021-09-30 10:00 AM Aug -0.6%
2021-10-29 11:30 AM Sep
2021-11-30 11:00 AM Oct
2021-12-30 11:00 AM Nov


News Stream
Macedonia Industrial Output Shrinks in July
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).
2021-08-31
Macedonia Industrial Output Grows the least in 3-Month
Industrial production in Macedonia increased 9.5 percent from a year earlier in June of 2021, following a 19.2 percent acceleration in the previous month. It was the lowest annual gain in industrial activity since March, as output slowed for manufacturing industries (10.8 percent vs 27.2 percent in May), underpinned by production of motor vehicles, trailers and semi-trailers (2.7 percent vs 54.5 percent), while declined at a softer pace for electricity, gas, steam & air conditioning supply (-0.8 percent vs -27.9 percent). On the other hand, industrial production rebounded for mining & quarrying (9.9 percent vs -22.0 percent).
2021-07-30
Macedonia Industrial Output Expands 16.5% in May
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).
2021-06-30
Macedonia Industrial Output Plunges in January
Industrial production in Macedonia plunged 13.5 percent year-on-year in January of 2021, sliding from a downwardly revised 1.3 percent gain in the prior month. It is the worst contraction since June of 2020, dragged by lower output volume in mining & quarrying (-34.3 percent vs -1.6 percent in December); in manufacturing (-9.4 percent vs 1.8 percent); and further contraction in electricity, gas, steam & air conditioning supply (-11.7 percent vs 0.7 percent).
2021-03-05

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.