Industrial Production in Macedonia increased 46.10 percent in April of 2021 over the same month in the previous year. source: State Statistical Office of the Republic of Macedonia

Industrial Production in Macedonia averaged 1.32 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 June 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. Looking forward, we estimate Industrial Production in Macedonia to stand at 1.80 in 12 months time. 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
46.10 7.60 46.10 -33.50 2005 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-03-05 11:00 AM Jan -13.5% 1.3% 1%
2021-03-31 10:00 AM Feb -12.2% -13.5% -9%
2021-04-29 10:00 AM Mar 7.6% -12.2% 3.5%
2021-05-31 10:00 AM Apr 46.1% 7.6% 9.8%
2021-06-30 10:00 AM May 46.1% 18.5%
2021-07-30 10:00 AM Jun 7.6%
2021-08-31 10:00 AM Jul
2021-09-30 10:00 AM Aug

News Stream
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).
Macedonia Industrial Output Shrinks for 7th Month
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.
Macedonia Industrial Output Continues to Contract
Industrial production in Macedonia shrank 9.1 percent year-on-year in August of 2020, marking the 6th straight month of falling industrial output, due to the coronavirus crisis. Production fell in mining and quarrying (-8.9 percent vs -36.1 percent in July); manufacturing (-8.1 percent vs -6.5 percent), namely manufacture of food, beverages, textiles, wearing apparel, rubber and plastic, basic metals; and utilities (-12.3 percent vs -2.6 percent).
Macedonia Industrial Output Plunges for 5th Month
Industrial production in Macedonia shrank 9.5 percent year-on-year in July of 2020, the 5th straight decline due to the coronavirus crisis. Production fell in mining and quarrying (-36.1 percent); manufacturing (-6.5 percent), namely manufacture of beverages, textiles, apparel, metal products and non-metallic mineral products, machinery and equipment and others; and utilities (-2.6 percent).

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.