Current Account in Serbia
Serbia - Current AccountGrowth appears to have picked up in the second quarter, following the first quarter’s slowdown. Merchandise exports gathered momentum in April and May thanks to higher European demand. Meanwhile, despite softer retail sales in the same period, brisk credit growth in April, bolstered by favorable credit conditions, should have continued to support household and investment spending in the quarter. Moreover, electricity generation recovered in May. Nevertheless, the industrial sector remained on feeble footing in Q2, posting back-to-back declines in April and May. Output continued to wane amid a frailer automotive sector, and planned maintenance by two major producers. Moreover, EU-imposed temporary steel import quotas that took effect in June could compound protracted weakness in the mining sector in the short-term.
Serbia - Current Account Data
|Current Account (% of GDP)||-5.8||-5.6||-3.5||-2.9||-5.2|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Current Account Chart
|Bond Yield||3.92||0.0 %||Jul 11|
|Exchange Rate||104.6||-0.31 %||Jul 11|
|Stock Market||1,556||-0.44 %||Jul 11|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 15, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in June, matching the fall registered in May.
July 11, 2019
At its 11 July monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to cut the key policy rate to a new record low of 2.75% from 3.00%, where it had been for over one year.
June 28, 2019
Industrial production fell 0.6% over the prior year in May, following the 0.8% decline recorded in April.
June 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in May, contrasting the 0.7% increase registered in April.
June 6, 2019
At its 6 June monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for over one year.