Serbia Industry March 2022

Serbia

Serbia: Industrial output declines in rebounds in March

April 29, 2022

Industrial output jumped 7.7% year on year in March, swinging from February’s 0.7% contraction. The reading came on the back of firming manufacturing output. Mining and quarrying output growth moderated slightly, while energy production continued to contract.

On a monthly basis, industrial output eased to a 4.4% expansion in March from a 5.0% increase in February. Lastly, annual average industrial production growth rose to 5.5% in March from 5.4% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.1% in 2022, which is down 0.8 percentage points from last month’s estimate. In 2023, the panel sees industrial production rising 3.4%.


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Serbia Industry March 2022

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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