Serbian town in the winter

Serbia Industry May 2019

Serbia: Industrial production falls in May

Industrial production fell 0.6% over the prior year in May, following the 0.8% decline recorded in April. May’s decline was driven by a sharper drop in manufacturing production and weaker mining and quarrying output. On the upside, gas, steam and air conditioning supply recovered notably in May.

On a month-on-month seasonally-adjusted basis, industrial production rebounded to a four-month high of 1.3%, up from the 0.7% dip recorded in April. Meanwhile, annual average industrial production fell 0.9% in May, matching April’s decline.

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