Macedonia's industrial output growth speeds to 5.3% y/y in May

Macedonia's annual industrial output growth accelerated to 5.3% in May from 3.6% the month before, statistics office data showed on Wednesday.
The improvement was driven mainly by the manufacturing industry, which posted an annual growth of 11.7% in May, speeding from a 9.4% increase in April, the data, published on the statistics office's website, indicated.
In addition, the decline in utilities output softened to 18.4% from 29.5% in April.
On the other hand, the drop in mining production deepened further to 19.8% in May from 10.2% in April, 
For the first five months of the year, Macedonia's industrial production widened by 8% year-on-year.


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