Industry in Macedonia

Macedonia Industry | Economic News & Forecasts

Macedonia - Industry

The economy soared in the fourth quarter of 2018. Robust exports of goods and services benefitted from solid tourism in the quarter, while an acceleration in private consumption and a modest rebound in total investment more than offset weaker public spending. Turning to Q1 2019, available data suggests momentum could be ebbing. Tourism slowed in January, with arrivals and overnight stays falling in annual terms. Moreover, retail sales, although still strong, moderated slightly in January and February. On a brighter note, industrial production picked up in January and February thanks to stronger manufacturing output. In other news, on 13 March, S&P Global Ratings affirmed its BB- credit rating and stable outlook for the country.

Macedonia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.2  4.8  4.9  3.4  0.2  

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Macedonia Industry Chart

Macedonia Industry
Note: Industrial production, annual variation in %.
Source: State Statistical Office

Macedonia Facts

Exchange Rate54.36-0.56 %Apr 12
Stock Market0.10.0 %Nov 26

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