Latest reading: Industrial production fell 0.7% on a year-on-year basis in September, following a 4.4% decline in the previous month....
Industrial Production in Serbia
The Serbian economy recorded an average industrial production growth rate of 2.3% in the decade to 2024. In 2024, industrial production growth was 2.9%. For more industry information, visit our dedicated page.
Serbia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Serbia from 2014 to 2025.
Source: Macrobond.
Serbia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.4 | 6.1 | 1.6 | 2.4 | 2.9 |
Industrial production loses momentum in August
Latest reading: Industrial production was up 0.4% on a year-on-year basis in August, following 5.5% growth in the prior month and marking the lowest rate since February. Relative to the previous month's data, readings in August softened for manufacturing (-1.7% in annual terms vs +3.2% in July), mining and quarrying (+6.6% vs +12.9% in July) and electricity, gas, steam and air conditioning supply (+8.5% vs +14.5% in July). On a seasonally adjusted month-on-month basis, industrial production was down 2.9% in August, following 2.3% growth in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Serbian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Serbian industry projections.
Want to get access to the full dataset of Serbian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Argentina: Industrial production shrinks more slowly in September -
Sweden: Industrial production slows in September Latest reading: Industrial production—excluding energy—increased 3.9% in a calendar and seasonally adjusted month-on-month terms in September, following 6.0% growth in... -
Turkey: Industrial production shrinks in September Latest reading: Industrial production fell 2.2% in seasonally adjusted month-on-month terms in September, following 0.5% growth in the previous month.... -
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