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North Macedonia: retail continues its recovery

Jul 21, 2021 North Macedonia
North Macedonia: retail continues its recovery
Retail sales in North Macedonia grew by 19.2% year-on-year in May, following a record 23.0% surge in the previous month, according to data released by the State Statistical Office (Makstat)
The numbers now released represent the second highest on records, due to low base effects.

Sales increased the most for non-food products (27.7%), followed by automotive fuel (25.8%), and food, beverages & tobacco (12.4%).

The Skopje-based statistics agency also confirmed that industrial production in North Macedonia increased by 16.5% in May, compared to a year earlier, following a record 46.1% surge in the previous month.

Image credits: Mark de Jong on Unsplash