Industry in Serbia
Serbia - Industry
Industrial production recovers in October
According to data released by the Statistical Office of the Republic of Serbia, industrial production rebounded 3.2% over the same month last year in October, following the 1.2% decline logged in September.
The recovery was chiefly driven by a strong pick-up in manufacturing production, which hit a nine-month high in October. On the other hand, the mining and quarrying and electricity, gas, steam and air conditioning sectors both posted consecutive contractions in the month, albeit at softer rates than in September.
Industrial production fell a seasonally-adjusted 0.4% in month-on-month terms in October, swinging from the revised 3.0% increase registered in September (previously reported: +3.1% month-on-month). Meanwhile, annual average growth in industrial production inched down to 2.8% in October from 2.9% in September.
Serbia Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.8% in 2019, which is up 0.2 percentage points from last month’s forecast and 5.3% in 2020.
Serbia - Industry Data
|Industrial Production (annual variation in %)||5.6||-6.1||8.4||4.8||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Industry Chart
|Bond Yield||3.73||0.0 %||Dec 14|
|Exchange Rate||104.7||-0.31 %||Dec 14|
|Stock Market||1,558||-0.44 %||Dec 14|
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December 12, 2018
In November, consumer prices fell 0.3% over the prior month, swinging from the 0.3% increase recorded in October.
December 6, 2018
On 6 December, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate steady at 3.00%, where it has now been since April. At its latest monetary policy meeting, the Bank judged its current monetary policy stance supportive of overall price stability, while also buttressing strong economic momentum.
December 3, 2018
According to a comprehensive estimate released by the Statistical Institute on 30 November, economic growth moderated in the third quarter following two robust GDP prints in the first half of the year.
November 30, 2018
According to data released by the Statistical Office of the Republic of Serbia, industrial production rebounded 3.2% over the same month last year in October, following the 1.2% decline logged in September. The recovery was chiefly driven by a strong pick-up in manufacturing production, which hit a nine-month high in October.
November 13, 2018
Consumer prices rose 0.3% from the previous month in October, following a 0.3% decline in September.