Industry in Serbia

Serbia Industry | Economic News & Forecasts

Serbia - Industry

Industrial production declines again in April

Industrial production fell 0.8% year-on-year in April, up from the 2.8% contraction logged in March. The downturn came on the back of a sharp decline in electricity, gas, steam and air conditioning supply, as well as a milder contraction in manufacturing output. On the other hand, mining and quarrying output grew robustly in the month, offsetting some of the headline decline.

On a month-on-month seasonally-adjusted basis, industrial production shrank 0.6% in April, up from the 2.3% fall recorded in February. Meanwhile, annual average industrial production fell 0.9% in April, down from the 0.5% decline logged in March.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.1% in 2019, which is down 0.3 percentage points from last month’s estimate. In 2020, the panel sees industrial production growth at 3.1%.

Serbia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.6  -6.1  8.4  4.8  3.5  

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Serbia Industry Chart

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

Serbia Facts

Bond Yield3.430.0 %Jun 20
Exchange Rate104.4-0.31 %Jun 20
Stock Market1,526-0.44 %Jun 20

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