Industrial production in Macedonia fell 4.1 percent year-on-year in September of 2020, marking the 7th straight month of falling industrial output, due to the pandemic crisis. Still, it was the smallest decline in the current sequence, as manufacturing output fell much less (-1.9 percent vs -8.1 percent in August). Meanwhile, production continued to plunge for mining & quarrying (-9.7 percent vs -8.9 percent). In the first nine months of the year, industrial production fell 12.1 percent over a year ago. source: State Statistical Office of the Republic of Macedonia
Industrial Production in Macedonia averaged 1.25 percent from 2005 until 2020, 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 November of 2020.
Industrial Production in Macedonia is expected to be -1.80 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 5.80 in 12 months time. In the long-term, the Macedonia Industrial Production is projected to trend around 6.50 percent in 2021 and 2.50 percent in 2022, according to our econometric models.