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). source: State Statistical Office of the Republic of Macedonia
Industrial Production in Macedonia averaged 1.08 percent from 2005 until 2021, reaching an all time high of 24.50 percent in March of 2011 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 March of 2021.
Industrial Production in Macedonia is expected to be 3.20 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 6.50 in 12 months time. In the long-term, the Macedonia Industrial Production is projected to trend around 6.50 percent in 2022 and 2.50 percent in 2023, according to our econometric models.