Serbian town in the winter

Serbia Industry January 2017

Serbia: Industrial production growth rebounds in January

Industrial production expanded 10.6% in January from the same month last year, a significant acceleration from December’s 0.5% year-on-year expansion.

According to the Statistical Institute, January’s improved reading was due to a broad-based improvement throughout industry. The manufacturing sector led the way with a 11.3% year-on-year expansion, up from a 0.4% increase in December. The second-fastest growth came from the mining and quarrying sector, with an improved 9.3% expansion compared to a 3.3% expansion in December. And the electricity, gas, steam and air conditioning supply sector experienced a turnaround in January, swinging from a 0.1% contraction in December to an 8.5% expansion.

In month-on-month terms, industrial production increased a seasonally-adjusted 2.7% in January, contrasting December’s 1.2% decrease. Annual average growth in industrial production rose from 3.4% in December to 4.3% in January.

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