Serbia Industry June 2022


Serbia: Industrial output decelerates in June

August 1, 2022

Industrial production growth eased to 3.7% year on year in June, down from May’s 8.7% increase. The print reflected softer expansions in the mining and quarrying, and manufacturing sectors. The contraction in energy output moderated, however. Meanwhile, annual average industrial production growth stabilized at May’s 2.8% in June.

Lastly, industrial output contracted 0.2% on a monthly basis in June, up from May’s 2.0% contraction.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.4% in 2022, which is up 0.1 percentage points from last month’s estimate. In 2023, the panel sees industrial production rising 3.2%.


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Serbia Industry Chart

Serbia Industry June 2022 0

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Statistical Office of the Republic of Serbia (SORS).

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