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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Industrial Production (annual variation in %) | 7.3 | 5.2 | 3.9 | 1.3 | 0.3 |
Serbia Industry Chart

Serbia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 3.05 | 0.0 % | Dec 31 |
Exchange Rate | 104.9 | -0.31 % | Jan 01 |
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Economic News
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Serbia: Industrial output decelerates in June
August 1, 2022
Industrial production growth eased to 3.7% year on year in June, down from May’s 8.7% increase.
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Serbia: Inflation comes in at highest level since February 2013 in June
July 27, 2022
Consumer prices rose 1.62% from the previous month in June, coming in above the 1.24% increase recorded in May.
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Serbia: Central Bank continues hiking cycle in July with 25 basis point rate increase
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%.
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Serbia: Industrial output accelerates markedly in May
July 1, 2022
Industrial production growth jumped to 8.7% year on year in May, up from April’s 2.0% increase.
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Serbia: Central Bank delivers unexpected hike in June
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%.