Serbian town in the winter

Serbia Industry February 2020

Serbia: Industrial production strengthens in February

Industrial production growth accelerated to 7.6% in February from 6.3% in January. The robust outturn was driven by broad-based gains across sectors. Mining and quarrying output surged in February, while manufacturing production also gained traction with growth hitting an over-one year high. Meanwhile, electricity, gas, steam and air conditioning supply grew, but only modestly.

Consequently, annual average industrial production growth jumped to 1.6% in February from 1.2% in January.

On a month-on-month seasonally-adjusted basis, industrial production declined 1.5% in February, contrasting January’s 2.8% increase.

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