Serbian town in the winter

Serbia Industry September 2019

Serbia: Industrial production gathers pace in September

Industrial production grew 1.6% in annual terms in September, up from the 0.5% increase in August. The acceleration was chiefly the result of a rebound in manufacturing output, whereas mining and quarrying production and electricity, gas, steam and air conditioning supply moderated.

On a month-on-month seasonally-adjusted basis, industrial production rose 0.8% in September, contrasting the 1.6% decline in August. Meanwhile, annual average industrial production fell 1.0% in September, softening from the 1.2% decline in August.

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