Industry in Serbia

Serbia Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)7.3  5.2  3.9  1.3  0.3  

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Serbia Industry Chart


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

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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