Industry in Serbia

Serbia Industry | Economic News & Forecasts

Serbia - Industry

Growth in industrial output slows in May

Industrial production expanded 0.5% over the same month last year in May. While the figure was a sharp deceleration from April’s 3.1% increase, it nonetheless represented the 13th consecutive month of expansion.

According to the Statistical Institute, May’s slowdown was driven by a 10.3% year-on-year contraction in mining and quarrying output, which fell at the fastest rate in over a year (April: +1.7% year-on-year). Electricity, gas, steam and air conditioning supply also swung to contraction in May, falling 0.3% following April’s 13.0% expansion. Meanwhile, manufacturing output expanded 1.6% in May, up from 1.0% in April.

In month-on-month terms, industrial production expanded a seasonally-adjusted 3.4% in May, in contrast to April’s downwardly revised 4.1% contraction (previously reported: -1.7% month-on-month). Annual average growth in industrial production fell from 5.4% in April to 5.0% in May.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.3% in 2018, which is down 0.1 percentage points from last month’s estimate. In 2019, the panel sees industrial production growth at 5.6%.

Serbia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.6  -6.1  8.4  4.8  3.5  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Serbia Industry Chart


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

Serbia Facts

ValueChangeDate
Bond Yield3.750.0 %Aug 15
Exchange Rate104.0-0.31 %Aug 15
Stock Market1,526-0.44 %Aug 15

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form