North Macedonia’s FX reserves soar 24.1% y/y at end-November

North Macedonia’s FX reserves soar 24.1% y/y at end-November

/ bne IntelliNews

By bne IntelliNews December 10, 2024

North Macedonia’s gross international reserves soared by an annual 24.9% to €4.920bn at the end of November (chart), slowing slightly from a 26.9% growth in the previous month, central bank data indicated.

Compared with the previous month, the FX reserves fell 1.1% in November, reversing a 12.9% increase in October.

Compared with the end of 2023, when they stood at over €4.5bn, North Macedonia's official reserves rose by 8.4%.

In terms of financial instruments, most of the reserves were in securities (68.2%), followed by currencies and deposits (20.4%) and monetary gold (11.4%).

An evaluation of foreign exchange reserve adequacy indicators shows they remain within a safe range.

#NorthMacedonia #bneChart #macro #fxreserves #GIR

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Data

Hungary's inflation accelerates to 3.7% in November

Month-on-month inflation was 0.5%.

Romania’s trade deficit reaches new record in October

Imports soared by 8.6% y/y an all-time high of €12.2bn, while exports advanced by only 0.5%.

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Malaysia’s industrial output expanded in October, but at a slower-than-anticipated pace, with gains in factory production and electricity generation offset by continued contraction in mining activity

Czech inflation stays at 2.8% in November

Consumer price indices (inflation) increased by 2.8% year on year, the same as in October. Month on month, inflation increased by 0.1%.

Slovak industry maintains growth of 1.3% y/y in October

Slovakia’s industrial output maintained growth of 1.3% year on year in October amid the continued strong production of transportation equipment.

Hungary's inflation accelerates to 3.7% in November

Romania’s trade deficit reaches new record in October

Malaysia’s industrial growth slows in October following mixed sector performance

Czech inflation stays at 2.8% in November

Slovak industry maintains growth of 1.3% y/y in October

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