Industry in Serbia
Serbia - Industry
Industrial production falters in August
According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 4.3% over the same month last year, contrasting the 1.7% increase recorded in July and ending an over one-year run of consecutive expansions. The drop came on the back of broad-based declines in output. The mining and quarrying; and electricity, gas, steam and air conditioning sectors both experienced sharp double-digit contractions, while manufacturing output also declined, albeit at a much softer pace.
On a month-on-month basis, industrial production decreased a seasonally-adjusted 1.3% in August, following July’s revised 3.7% fall (previously reported: -2.8% month-on-month). Meanwhile, annual average growth in industrial production tumbled from 4.6% in July to 3.6% in August.
Serbia Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.5% in 2018, which is up 0.1 percentage points from last month’s forecast and 5.0% in 2019, which is also up 0.1 percentage points from last month’s forecast.
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 | 3.65 | 0.0 % | Oct 19 |
| Exchange Rate | 103.3 | -0.31 % | Oct 22 |
| Stock Market | 1,551 | -0.44 % | Oct 22 |
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Serbia: Industrial production falters in August
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According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 4.3% over the same month last year, contrasting the 1.7% increase recorded in July and ending an over one-year run of consecutive expansions.
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