Exports in Serbia
Serbia - ExportsAvailable data for the first quarter of the year pointed to largely upbeat activity, though the war in Ukraine will have dented momentum toward the tail end. Merchandise exports rose at a faster clip in the quarter, while stronger goods import growth pointed to firming domestic demand. Retail sales shifted into a higher gear in Q1, mainly due to skyrocketing growth in March. Sequential data for February and March showed that industrial output gained steam. However, household consumption should cool from the tail end of Q1 and into Q2 due to the war in Ukraine: Inflation rose to a near nine-year high in March amid costlier food and energy. Rising producer price inflation in February and March suggests the worst is yet to come. That said, price caps on petrol and diesel will remain in place until the end of May, and the excise duty was recently lowered by 15.0% in bids to support consumers.
Serbia - Exports Data
|Exports (USD billion)||12.6||14.2||15.9||17.8||18.4|
5 years of economic forecasts for more than 30 economic indicators.
Source: Statistical Office
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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.
May 13, 2022
Consumer prices rose 1.50% from the previous month in April, coming in above the 0.80% increase recorded in March.
April 29, 2022
Industrial output jumped 7.7% year on year in March, swinging from February’s 0.7% contraction.
April 14, 2022
Consumer prices rose 0.80% from the previous month in March, coming in below the 1.10% increase recorded in February.
April 7, 2022
At its meeting on 7 April, the National Bank of Serbia (NBS) delivered a bigger-than-expected rate hike, bringing the key policy rate up by 50 basis points to 1.50% from 1.00%.
March 31, 2022
Industrial output declined 0.7% year-on-year in February, up from January’s 2.6% contraction.