Serbian town in the winter

Serbia Industry December 2020

Serbia: Industrial activity contracts at sharpest rate since May in November

Industrial production grew 4.1% year-on-year in December, swinging from the 1.4% contraction in November. December’s print marked the best result in three months and was driven by robust growth in the manufacturing sector, which more than offset a drop in mining and quarrying output.

On a seasonally-adjusted monthly basis, factory output increased at a six-month high of 3.5% in December, contrasting the 2.6% fall in November.

Meanwhile, the trend pointed down as annual average growth of industrial output came in 0.4% in December, down from November’s 0.7%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest