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N. Macedonia's industrial output falls 13.2% y/y in May

Jun 28, 2024, 1:11:49 PMNews by : Dragana Petrushevska
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June 28 (SeeNews) - North Macedonia's industrial production dropped 13.2% year-on-year in May, after decreasing by an annual 1.2% in April, data from the country’s statistical office showed on Friday.

N. Macedonia's industrial output falls 13.2% y/y in May
JM Steel worker on Nextracker-dedicated production line. Sinton, Texas. Image by Nextracker.

In the January-May period, North Macedonia's industrial output went down 4.9% on the year, the statistical office said in a data release.

North Macedonia's industrial production inched up 0.7% on the year in 2023, after falling by an annual 0.3% the previous year.

Industrial production in North Macedonia, breakdown by sector (annual pct change):

May '24 Jan-May '24 Apr '24
Total -13.2 -4.9 -1.2
Manufacturing -10.6 -1.8 4.7
Mining -17.1 -5.1 0.3
Utilities -18.4 -26.7 -39.6

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