Serbian town in the winter

Serbia Industry December 2017

Serbia: Industrial production growth deteriorates in December

Industrial production expanded 0.5% in December from the same month last year, a significant deceleration from November’s 5.5% year-on-year expansion.

According to the Statistical Institute, December’s deteriorated reading was due to worse performances in the manufacturing sector, which slowed from year-on-year growth of 8.2% in November to 0.4 in December, and the mining and quarrying sector, which slowed from a year-on-year expansion of 5.0% in November to 3.3% in December. On the other hand, the performance of the electricity, gas, steam and air conditioning sector improved from a 4.3% contraction in November to a 0.1% contraction in December.

In month-on-month terms, industrial production decreased a seasonally-adjusted 1.2 in December, in contrast to November’s revised 1.1% expansion (previously reported: +1.2% month-on-month). Annual average growth in industrial production fell from 3.7% in November to 3.4% in December.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest