Industry in Serbia

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Serbia - Industry

Industrial production rebounds in July

Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June. July’s rebound was chiefly due to a sharp recovery in manufacturing output, whereas mining and quarrying production and gas, steam and air conditioning supply fell in the month.

On a month-on-month seasonally-adjusted basis, industrial production also rose 3.7% in July, contrasting June’s 1.3% drop. Meanwhile, annual average industrial production fell 1.6% in July, down from June’s 1.8% decline.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.7% in 2019, which is down from last month’s estimate. In 2020, the panel sees industrial production growth at 3.2%.

Serbia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.6  -7.3  7.3  5.2  3.9  

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Serbia Industry Chart


Serbia Industry
Note: Industrial production, annual variation in %.

Serbia Facts

ValueChangeDate
Bond Yield3.100.0 %Sep 04
Exchange Rate106.4-0.31 %Sep 04
Stock Market1,589-0.44 %Sep 04

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