Serbian town in the winter

Serbia Industrial production January 2024

Serbia: Industrial output notches quickest growth since May 2022 in January

Industrial output increased 6.9% in year-on-year terms in January, which followed December’s 1.7% increase. January’s print marked the best reading since May 2022. The improvement was spearheaded by a faster expansion in manufacturing production. Additionally, mining and quarrying output fell at a softer rate.

Meanwhile, annual average industrial production growth fell to 0.5% in January (December: +0.8%). On a monthly basis, industrial output increased 0.1% in seasonally adjusted terms in January, which was below December’s 1.3% expansion.

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