Industry in Serbia
Serbia - Industry
Industrial sector gains ground in November
Industrial production grew 1.1% year-on-year in November, up from the 0.5% increase in October. The acceleration was driven by a rebound in electricity, gas, steam and air conditioning supply, while manufacturing output growth was stable from the prior month. Conversely, mining and quarrying production declined at a sharper rate in November.
On a month-on-month seasonally-adjusted basis, industrial production rose 1.6% in November, contrasting the 0.3% dip logged in October. Meanwhile, annual average industrial production fell 1.0% in November, easing from the 1.2% decline in October.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.9% in 2020, which is unchanged from last month’s estimate. In 2021, the panel sees industrial production growth at 3.0%.
Serbia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 5.6 | -7.3 | 7.3 | 5.2 | 3.9 |
Serbia Industry Chart
Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.05 | 0.0 % | Dec 31 |
| Exchange Rate | 104.9 | -0.31 % | Jan 01 |
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Economic News
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Serbia: Inflation climbs higher in December
January 13, 2020
Consumer prices increased 0.5% month-on-month in December, down from the 0.2% rise in November.
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Serbia: National Bank of Serbia keeps policy rate on hold in January
January 9, 2020
At its 9 January monetary policy meeting, the executive board of the National Bank of Serbia (NBS) kept the key policy rate at a record low of 2.25%.
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Serbia: Industrial sector gains ground in November
December 29, 2019
Industrial production grew 1.1% year-on-year in November, up from the 0.5% increase in October.
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Serbia: Inflationary pressures intensify in November
December 12, 2019
Consumer price rose by 0.2% over the prior month in November, up from the 0.1% increase in October.
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Serbia: National Bank Serbia stands pat in December
December 12, 2019
At its 12 December monetary policy meeting, the executive board of the National Bank of Serbia (NBS) decided to keep the key policy rate at a record low of 2.25%.
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