Serbian town in the winter

Serbia Industry October 2019

Serbia: Industrial production moderates in October

Industrial production grew 0.5% year-on-year in October, down from the 1.6% expansion in September. The deceleration came on the back of a broad-based deterioration among the sub-indices. Electricity, gas, steam and air conditioning supply and mining and quarry output both declined in the month, while manufacturing production growth weakened slightly.

On a month-on-month seasonally-adjusted basis, industrial production fell 0.3% in October, swinging from the 0.8% increase in September. Meanwhile, annual average industrial production fell 1.2% in October, down from the 1.0% decline in September.

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