Serbian town in the winter

Serbia Industrial production September 2023

Serbia: Industrial output growth softens in September

Industrial output expanded 3.0% in year-on-year terms in September, which followed August’s 5.8% increase. September’s deceleration was chiefly driven by softer growth in mining and quarrying output. On the flip side, manufacturing production expanded at a faster pace.

Meanwhile, the trend pointed up, with the annual average variation of industrial production coming in at minus 0.4% in September, up from August’s minus 0.9%. On a monthly basis, factory output contracted 1.1% in seasonally adjusted terms in September, contrasting August’s 1.9% expansion.

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