N. Macedonia retail trade continues recovery in May

Retail

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Retail sales in North Macedonia jumped 19.2% year-on-year in May, following a record 23.0% surge in the previous month, data released by the State Statistical Office (Makstat) show.

It was the second-highest reading on records, due to low base effects. Sales advanced the most for non-food products (27.7%), followed by automotive fuel (25.8%), and food, beverages & tobacco (12.4%).

In a separate statement, the Skopje-based statistics agency said that industrial production in N. Macedonia increased 16.5% from a year earlier in May, following a record 46.1% surge in the previous month.

The statistics agency did not release figures on monthly comparison bases neither on retail sales or industrial production.

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