Industry in Serbia
Serbia - Industry
Industrial production rebounds in July
Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June. July’s rebound was chiefly due to a sharp recovery in manufacturing output, whereas mining and quarrying production and gas, steam and air conditioning supply fell in the month.
On a month-on-month seasonally-adjusted basis, industrial production also rose 3.7% in July, contrasting June’s 1.3% drop. Meanwhile, annual average industrial production fell 1.6% in July, down from June’s 1.8% decline.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.7% in 2019, which is down from last month’s estimate. In 2020, the panel sees industrial production growth at 3.2%.
Serbia - Industry Data
|Industrial Production (annual variation in %)||5.6||-7.3||7.3||5.2||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Industry Chart
|Bond Yield||3.10||0.0 %||Sep 04|
|Exchange Rate||106.4||-0.31 %||Sep 04|
|Stock Market||1,589||-0.44 %||Sep 04|
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September 2, 2019
The economy grew 2.9% in annual terms in the second quarter, up from the upwardly revised 2.7% expansion registered in the first quarter (previously reported: +2.5% year-on-year).
August 30, 2019
Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June.
August 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.2% over the prior month in July, following the 0.3% dip in prices in June.
August 8, 2019
At its 8 August monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to slash the key policy rate to 2.50% from 2.75%, a new record-low under the inflation targeting.
July 31, 2019
Industrial production fell 6.1% over the same month of the previous year in June, down from the 0.6% decline registered in May.