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Serbia Industry February 2019

Serbia: Industrial production rebounds in February

According to data released by the Statistical Office of the Republic of Serbia, industrial production rebounded 2.4% year-on-year in February from the 5.5% fall logged in January. The recovery came solely on the back of a solid rebound in manufacturing output. On the other hand, mining and quarrying, and electricity, gas, steam and air conditioning supply continued to contract in February, albeit at much weaker rates compared to January.

On a month-on-month basis, industrial production rose a seasonally-adjusted 0.6% in February, down from the revised 5.2% increase logged in January (previously reported: +3.2% month-on-month). Meanwhile, annual average growth in industrial production was stable at 0.1% in February.

Serbia Industrial Production Forecast

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