North Macedonia’s industrial production returns to growth in December

North Macedonia’s industrial production returns to growth in December
By bne IntelliNews January 30, 2021

North Macedonia's industrial output turned to growth in December as it increased by 2.5% y/y, reversing a 4% y/y decrease a month earlier, statistics office data indicated on January 29.

Industrial production returned to a positive trend after declining for nine months in a row, as a result of the coronavirus (COVID-19) pandemic's impact on the economy.

The key manufacturing sector was the key driver of the growth as it inceased by 3.3% y/y in the last month of the year, after dropping by 6.2% in the previous month.

Mining output increased 10.2% y/y, accelerating from a 8.7% y/y increase in November, data showed.

However, the utilities sector fell by 6.1% y/y, after edging up 0.1% a month earlier.

In 2020 industrial production in North Macedonia fell by 9.5%, after rising 3.7% in 2019.

In December the number of employees in the industrial sector fell by 4.2% y/y and for the whole 2020 it dropped by 4.6%.

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