Industry in Serbia

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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  

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Serbia Industry Chart

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

Serbia Facts

Bond Yield3.650.0 %Oct 19
Exchange Rate103.3-0.31 %Oct 22
Stock Market1,551-0.44 %Oct 22

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