North Macedonia’s PPI down by annual 2.1% in August
North Macedonia’s domestic industrial producer price index (PPI) fell by an annual 2.1% in August, after edging down 0.2% in the previous month (chart), statistics office data indicated on September 28.
August is the second month in a row which saw a PPI annual decline. The PPI grew rapidly from February 2021, but started to show signs of slowdown in November 2022. In the meantime, the country's average annual CPI inflation eased to 8.3% in August.
On a monthly basis, industrial producer index moved down by 0.4% in August after falling 0.5% in the previous month.
Year on year, prices in the key manufacturing sector rose by 1%, while mining sector prices declined by 12.5% y/y.
PPI in utilities were lower by an annual 11% in August.
In the first eight months of the year, the PPI was up 5.6%.
Russian service providers recorded a modest expansion in business activity during November, according to the latest PMI survey from S&P Global, but the rate of growth slowed somewhat from October.
Largest number of jobs created in construction, IT&C and hospitality sectors.
Czechia remains the only EU country not to have recovered its pre-pandemic level of output.
Independent group ENAG calculates 129% y/y.
Hungary’s economy grew 0.9% quarter-on-quarter in the third quarter, after four consecutive months of contraction.
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