Serbia Industry April 2017


Serbia: Industrial production contracts in April

June 1, 2017

Industrial production contracted 2.6% from the same month a year earlier in April, contrasting March’s 0.9% expansion. A breakdown of the print shows that the energy and electricity, gas, steam and air conditioning sectors, along with the mining and quarrying sector, recorded steep losses while the manufacturing sector, for its part, was stable from a year earlier.

A sequential comparison showed that industrial production expanded by a seasonally-adjusted 0.7% in April from a month earlier, contrasting March’s revised 1.8% decline. Annual average growth in industrial production fell from 2.4% in March to 1.5% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.6% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel sees industrial production growth at 4.5%.

Author:, Economist

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Serbia Industry Chart

Serbia Industry April 2017

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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