Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result...
Industrial Production in Serbia
The Serbian economy recorded an average industrial production growth rate of 2.3% in the decade to 2024. In 2024, industrial production growth was 2.9%. For more industry information, visit our dedicated page.
Serbia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Serbia from 2014 to 2024.
Source: Macrobond.
Serbia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.4 | 6.1 | 1.6 | 2.4 | 2.9 |
Industrial output growth picks up pace in July
Latest reading: Industrial output expanded 5.5% compared to the same month of the previous year in July, which was above June's 2.5% increase. The improvement was driven by stronger outturns in manufacturing production and in electricity, gas, steam and air conditioning supply. That said, mining output rose at a slower pace. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 0.2%, down from June's 0.3% reading. On a monthly basis, industrial production increased 1.8% in seasonally adjusted terms in July, which was above June’s 1.4% expansion and marked the best result since May 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Serbian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Serbian industry projections.
Want to get access to the full dataset of Serbian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Serbia: Industrial output growth picks up pace in July Latest reading: Industrial output expanded 5.5% compared to the same month of the previous year in July, which was above...