North Macedonia Industrial Output Falls in February

Industrial production in North Macedonia fell by 4.2% year-on-year in February 2026, easing from a 6.6% decline in January. Energy output declined 19%, reversing a 2.5% increase in the previous month. Output of durable consumer goods declined further (-12% versus -10.5%), while non-durable consumer goods improved slightly (-6.9% versus -11.9%). In contrast, production increased for intermediate goods excluding energy (0.2% versus -4.2%) and capital goods (2.1% versus -5.2%). By sector, production declined for mining and quarrying production (9.6% versus 2.5%) and utilities (17.2% versus 2.8%). Meanwhile, manufacturing decline eased to 1.9%, improving from an 8% decline in the previous month. For the first two months, industrial output declined 5.3% compared to the same period a year earlier.

North Macedonia's industrial production rose 2.3% year-on-year in December 2025, rebounding from a 2.8% drop in November. Manufacturing output increased 4.5%, driven mainly by higher production of food products, beverages, rubber and plastic products, other non-metallic mineral products, motor vehicles, trailers and semi-trailers, and furniture. In contrast, production declined in mining and quarrying (-6.6%) and in electricity, gas, steam and air conditioning supply (-3.9%). By main industrial groupings, output rose sharply for intermediate goods excluding energy (9.8%) and increased for non-durable consumer goods (2.4%), while it fell for energy (-3.9%), capital goods (-0.8%) and durable consumer goods (-3.8%). For 2025 as a whole, industrial production expanded 1.9% compared with 2024. The largest positive contributions to December’s growth came from food products (3.5%), beverages (34.2%) and motor vehicles, trailers and semi-trailers (3.5%).

Industrial production in North Macedonia fell by 2.8% from the previous year in November of 2025, erasing the 2.8% increase from the previous month. Output contracted for energy (-8.5%) and capital goods (-4.7%), amid lower production of metal ores (-11.1%). Production also fell for manufacturing (-2%) amid a drop in textiles (-10.5%) and clothing (-14.4%). Conversely, the production of intermediate products with exclusion of energy rose sharply (7.7%). The Macedonian industrial output expanded 1.9% in the year up to November.