Serbia Industry February 2021

Serbia

Serbia: Industrial output grows at fastest pace in 10 months in February

April 1, 2021

Industrial output rose 2.6% in year-on-year terms in February, which was above January's 2.5% increase. The result was due to improved manufacturing production. Meanwhile, mining and quarrying production deteriorated.

On a seasonally-adjusted monthly basis, industrial output rose at a faster rate of 2.2% in February (January: +1.3% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.4% in February, down from January's flat reading.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.9% in 2021, which is up 0.6 percentage points from last month’s estimate. In 2022, the panel sees industrial production rising 3.5%.


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Serbia Industry February 2021

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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