Industry in Serbia
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
|Industrial Production (annual variation in %)||5.6||-6.1||8.4||4.8||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Industry Chart
|Bond Yield||3.43||0.0 %||Jun 20|
|Exchange Rate||104.4||-0.31 %||Jun 20|
|Stock Market||1,526||-0.44 %||Jun 20|
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June 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in May, contrasting the 0.7% increase registered in April.
June 6, 2019
At its 6 June monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for over one year.
May 31, 2019
The economy grew 2.5% in the first quarter of the year, according to a comprehensive estimate released by the Serbian Statistical Institute on 31 May.
May 31, 2019
Industrial production fell 0.8% year-on-year in April, up from the 2.8% contraction logged in March.
May 13, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.7% over the prior month in April, up from the 0.4% increase logged in March.