Serbia Industry July 2020

Serbia

Serbia: Industrial output growth dips in July

August 31, 2020

Industrial production increased 0.4% year-on-year in July (June: +2.6% yoy). The reading was driven by a drop in manufacturing production. Meanwhile, mining and quarrying production gained steam.

On a seasonally-adjusted monthly basis, industrial production rose at a more moderate pace of 3.6% in July (June: +7.2% mom).

FocusEconomics Consensus Forecast panelists expect industrial production to decrease 6.1% in 2020, which unchanged from last month’s estimate. In 2021, the panel sees industrial production rising 4.4%.


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Serbia Industry July 20 20

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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