Serbian town in the winter

Serbia Industrial production February 2024

Serbia: Industrial output growth accelerates in February

Industrial output expanded 8.4% year on year in February (January: +6.9% yoy). February’s figure marked the best reading since May 2022. The improvement was driven by stronger production in the manufacturing and in the mining and quarrying sectors.

Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 0.8% in February, up from January’s 0.5%. On a seasonally adjusted monthly basis, industrial production rebounded, rising 0.8% in February (January: -0.2% s.a. mom).

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