Industry in Serbia
Serbia - Industry
Industrial output declines in rebounds in March
Industrial output jumped 7.7% year on year in March, swinging from February’s 0.7% contraction. The reading came on the back of firming manufacturing output. Mining and quarrying output growth moderated slightly, while energy production continued to contract.
On a monthly basis, industrial output eased to a 4.4% expansion in March from a 5.0% increase in February. Lastly, annual average industrial production growth rose to 5.5% in March from 5.4% in February.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.1% in 2022, which is down 0.8 percentage points from last month’s estimate. In 2023, the panel sees industrial production rising 3.4%.
Serbia - Industry Data
|Industrial Production (annual variation in %)||7.3||5.2||3.9||1.3||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Industry Chart
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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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.