Serbia Industry July 2019

Serbia

Serbia: Industrial production rebounds in July

August 30, 2019

Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June. July’s rebound was chiefly due to a sharp recovery in manufacturing output, whereas mining and quarrying production and gas, steam and air conditioning supply fell in the month.

On a month-on-month seasonally-adjusted basis, industrial production also rose 3.7% in July, contrasting June’s 1.3% drop. Meanwhile, annual average industrial production fell 1.6% in July, down from June’s 1.8% decline.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.7% in 2019, which is down from last month’s estimate. In 2020, the panel sees industrial production growth at 3.2%.


Author:, Economist

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Serbia Industry July 2019

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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