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The Macedonian industry growth among the largest in Europe

Unlike most countries in the European Union, industrial production in Macedonia in December rose by 9.5 %, which is significantly higher than the most developed economies.



Industrial production in the euro zone in December last year fell on a monthly basis by 0.7 %, which is above the expected 0.3 %, the European Statistical Office announced. There was growth in industrial production of 2.7 % in the same period in Slovenia, Greece – 2.6 % and Portugal – 0.7 %. Unlike most countries in the European Union, industrial production in Macedonia in December rose by 9.5 %, which is significantly higher growth compared to developed economies.

The largest drop in industrial production within the euro zone was recorded in Estonia – 5.7 % and 2.6 % in the Netherlands.

In December, the biggest monthly decline was observed in capital goods and 2.1 % for energy and in the same segment of 1.9 % was registered in the EU -28.

However the manufacture of intermediate products grew most in the euro zone in December – 0.9 %.

On an annual basis, however, the calendar adjusted industrial output in December grew by 0.5 % in euro zone and 0.9 % in EU -28.

Looking at countries, the largest annual growth of industrial production was registered in Portugal 7.1%, Romania 7 %, Czech Republic 6.7 %, and Slovenia 5.2 %. The largest decline of the annual industrial production is observed in Malta 7.3 %, Ireland 6.7 % and 6.4 % for Estonia, “Vecer” writes.



Macedonian industrial production rose by 9.5 % in December

Industrial production in the past year increased by 3.2 percent, and in December 2013 compared to December 2012 increased by 9.5 %, according to the State Statistical Office.

The industrial production in mining and quarrying decreased by 4.2 %, the processing industry grew by 13.1 %, and in the section Electricity, gas, steam and air conditioning increased by 1.9 %.

By Main Industrial Groupings, production in December 2013 compared to December 2012 was higher in intermediate goods, except energy by 4.8 %, in capital goods 43.8 %, with durable consumer goods by 4.3 % and for non-durable consumer goods by 14.2 %, but lower in energy by 7.1 %.

According to Prime Minister Nikola Gruevski, the industry growth is result of lot of work, a lot of reforms, creating a good climate, attracting and encouraging investors, direct help in solving their problems by Government ministers.

- We are in direct communication with companies and factories for many projects, we are trying to help in every possible way within the laws which is the result of the efforts of the business community in Macedonia and the owners and investors of these plants and joint forces so things are moving in the right direction. I expect to continue to do so throughout this year, the growth to be high- the Prime Minister Gruevski said.

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