This research analyzes the monthly trends of the industrial production index in North Macedonia from January 2011 to March 2025, utilizing data from the State Statistical Office. The index, measured relative to the previous year's average, encompasses sectors, industrial divisions, and main industrial groups, categorizing industries by economic activity and the types of goods produced. The analysis reveals a period of stability from 2011 to 2019, followed by a sharp decline in 2020 due to the significant economic disruptions caused by the COVID-19 pandemic. Peaks observed in 2014 and 2018 suggest the influence of external economic dynamics - such as shifts in international demand or investment flows - as well as internal industrial developments. Although the data for 2025 is partial, it is included to capture the continuity of emerging trends. The findings highlight the vulnerability of industrial production to global shocks and underscore the importance of resilient, data-informed economic policies to support sustainable industrial growth in the face of future uncertainties.
JASHARI et al. (Thu,) studied this question.