Industry in Serbia
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 |
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 comes in at highest level since June 2013 in April
May 13, 2022
Consumer prices rose 1.50% from the previous month in April, coming in above the 0.80% increase recorded in March.
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Serbia: Industrial output declines in rebounds in March
April 29, 2022
Industrial output jumped 7.7% year on year in March, swinging from February’s 0.7% contraction.
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Serbia: Inflation comes in at highest level since June 2013 in March
April 14, 2022
Consumer prices rose 0.80% from the previous month in March, coming in below the 1.10% increase recorded in February.
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Serbia: Central Bank holds policy rate steady in March
April 7, 2022
At its meeting on 7 April, the National Bank of Serbia (NBS) delivered a bigger-than-expected rate hike, bringing the key policy rate up by 50 basis points to 1.50% from 1.00%.
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Serbia: Industrial output declines in February
March 31, 2022
Industrial output declined 0.7% year-on-year in February, up from January’s 2.6% contraction.
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