Industry in Serbia
Serbia - Industry
Industrial output falls in September
Industrial production fell 0.3% year on year in September, contrasting August’s 0.3% expansion. This was driven by a contraction in manufacturing output, and flatlining growth in the production of electricity, gas, steam and ai conditioning supply. Meanwhile, annual average industrial production growth inched down to 2.4% in September from 2.5% in August.
Lastly, industrial output expanded 1.30% on a monthly basis in September, swinging from August’s 1.00% contraction.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.8% in 2023, which is up 0.1 percentage points from last month’s estimate. In 2024, the panel sees industrial production rising 3.9%.
Serbia - Industry Data
|Industrial Production (annual variation in %)||7.3||5.2||3.9||1.3||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Industry Chart
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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November 14, 2022
Inflation came in at 15.0% in October, up from September’s 14.0%.
November 10, 2022
The National Bank of Serbia (NBS) hiked the key policy rate by 50 basis points to 4.50% from 4.00% at its 10 November meeting.
October 31, 2022
Industrial production fell 0.3% year on year in September, contrasting August’s 0.3% expansion.
October 11, 2022
Inflation rose to 14.0% in September, which was up from August’s 13.2%.
October 6, 2022
The National Bank of Serbia (NBS) hiked the key policy rate by 50 basis points to 4.00% from 3.50% at its 6 October meeting.