Serbian town in the winter

Serbia Industry November 2019

Serbia: Industrial sector gains ground in November

Industrial production grew 1.1% year-on-year in November, up from the 0.5% increase in October. The acceleration was driven by a rebound in electricity, gas, steam and air conditioning supply, while manufacturing output growth was stable from the prior month. Conversely, mining and quarrying production declined at a sharper rate in November.

On a month-on-month seasonally-adjusted basis, industrial production rose 1.6% in November, contrasting the 0.3% dip logged in October. Meanwhile, annual average industrial production fell 1.0% in November, easing from the 1.2% decline in October.

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