N. Macedonia industrial output continues to contract in August
Photo by Oscar Sweep / Shutterstock.com
North Macedoniaʼs industrial production fell by 9.1% year-on-year in August, compared to an annual drop of 9.5% in the previous month, the countryʼs State Statistical Office (Makstat) said on Tuesday, marking the sixth straight month of falling industrial output, due to the coronavirus crisis.
Photo by Oscar Sweep/Shutterstock.com
Production fell in mining and quarrying (-8.9% vs -36.1% in July); manufacturing (-8.1% vs -6.5%), namely manufacture of food, beverages, textiles, wearing apparel, rubber and plastic, basic metals; and utilities (-12.3% vs -2.6%).
In the first eight months of 2020, industrial output decreased by 13.2% on the year, the Skopje-based statistics office said in a statement.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.