Industry in Serbia
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 |
Serbia Industry Chart
Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.75 | 0.0 % | Aug 15 |
| Exchange Rate | 104.0 | -0.31 % | Aug 15 |
| Stock Market | 1,526 | -0.44 % | Aug 15 |
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