Industry in Serbia
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
|Industrial Production (annual variation in %)||7.3||5.2||3.9||1.3||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Industry Chart
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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August 1, 2022
Industrial production growth eased to 3.7% year on year in June, down from May’s 8.7% increase.
July 27, 2022
Consumer prices rose 1.62% from the previous month in June, coming in above the 1.24% increase recorded in May.
July 7, 2022
At its 7 July meeting, the National Bank of Serbia (NBS) hiked the key policy rate by 25 basis points from 2.50% to 2.75%.
July 1, 2022
Industrial production growth jumped to 8.7% year on year in May, up from April’s 2.0% increase.
June 9, 2022
The National Bank of Serbia (NBS) delivered a 50 basis point rate hike at its 9 June meeting, bringing the key policy rate to 2.50%.