Serbian town in the winter

Serbia Industrial production December 2022

Serbia: Industrial output posts quickest growth since June in December

Industrial output increased 1.8% compared to the same month a year earlier in December, which was above November’s 0.4% increase. The result marked the best reading since June.

On a monthly basis, industrial output increased 2.8% in seasonally adjusted terms in December, which was notably better than November’s 0.7% expansion and marking the best result since March. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 1.6%, down from November’s 1.7% reading.

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