Industry in Serbia

Serbia Industry | Economic News & Forecasts

Serbia - Industry

Industrial output decelerates in June

Industrial production growth eased to 3.7% year on year in June, down from May’s 8.7% increase. The print reflected softer expansions in the mining and quarrying, and manufacturing sectors. The contraction in energy output moderated, however. Meanwhile, annual average industrial production growth stabilized at May’s 2.8% in June.

Lastly, industrial output contracted 0.2% on a monthly basis in June, up from May’s 2.0% contraction.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.4% in 2022, which is up 0.1 percentage points from last month’s estimate. In 2023, the panel sees industrial production rising 3.2%.

Serbia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)7.3  5.2  3.9  1.3  0.3  

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Serbia Industry Chart

Serbia Industry
Note: Industrial production, annual variation in %.

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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