Industry in Serbia

Serbia Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)7.3  5.2  3.9  1.3  0.3  

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Serbia Industry Chart

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

Serbia Facts

Value Change Date
Bond Yield3.050.0 %Dec 31
Exchange Rate104.9-0.31 %Jan 01

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