Serbia Industry January 2019

Serbia

Serbia: Industrial production continues to falter in January

February 28, 2019

According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 5.5% over the same month last year in January, following December’s 6.3% plunge and marking the third consecutive month of falling production. The mining and quarrying, and electricity, gas, steam and air conditioning sectors posted sharper contractions in January, while manufacturing output fell at a softer pace compared to December.

On a month-on-month basis, industrial production rose a seasonally-adjusted 3.2% in January, markedly contrasting the 4.4% fall logged in December. Meanwhile, annual average growth in industrial production tumbled to 0.1% in January, from 1.5% in December.

Serbia Industrial Production Forecast


FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.4% in 2019, which is down 0.4 percentage points from last month’s forecast and 4.4% again in 2020.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Serbia? Download a sample report now.

Download

Serbia Industry Chart


Serbia Industry January 2019

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


Serbia Economic News

  • Serbia: Inflation reaches over one-year high in March

    April 12, 2019

    According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.4% over the prior month in March, down from the 0.7% increase logged in February.

    Read more

  • Serbia: NBS maintains monetary policy course in April

    April 9, 2019

    At its 9 April monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for one year. Well-anchored inflation expectations were the key factor behind the Bank’s decision to hold the key policy rate at its latest meeting.

    Read more

  • Serbia: Industrial production rebounds in February

    March 29, 2019

    According to data released by the Statistical Office of the Republic of Serbia, industrial production rebounded 2.4% year-on-year in February from the 5.5% fall logged in January.

    Read more

  • Serbia: Inflation climbs to six-month high in February

    March 12, 2019

    According to the Statistical Office of the Republic of Serbia, consumer prices climbed 0.7% over the previous month in February, accelerating from the 0.4% increase logged in January.

    Read more

  • Serbia: NBS stands pat in March

    March 7, 2019

    At its 7 March monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate steady at 3.00%, where it has been since April 2018. Sustained price stability was the main factor behind the Bank’s latest move to keep the key policy rate unchanged in March.

    Read more

More news

Search form