Trade Balance in Serbia
Serbia - Trade Balance (Euros)The pace of economic growth moderated notably in the first quarter, and the breakdown of components calls for caution regarding future growth. Fixed investment growth moderated sharply in Q1 and, while inventory build-up stimulated growth significantly, it is likely that destocking in the later stages of the year will weigh on economic activity. On the other hand, household spending growth remained upbeat, seemingly undeterred by rising price pressures. Turning to the second quarter, inflation rose further in April and is unlikely to have peaked; producer price inflation also intensified in April. More positively, merchandise exports expanded robustly in the same month. Meanwhile, political pressure on Serbia is building. While most of Europe is turning away from Russian oil and gas, the government signed a new three-year gas supply deal with Russia in late May.
Serbia - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||-3.6||-3.1||-4.0||-5.1||-5.6|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Trade Balance (EUR) Chart
Source: Central Statistical Office, Poland
|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%.