Latest reading: Industrial output decreased 2.4% year on year in May, matching April’s drop. While manufacturing output fell at a...
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 2024.
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 output growth gains steam in May
Latest reading: Industrial production expanded 4.4% year on year in May (April: +2.3% yoy). The improvement was driven by stronger increase in manufacturing production. That said, mining output and electricity, gas steam and air conditioning supply lost traction. Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at 0.4% in May, contrasting April's minus 0.3%. On a monthly basis, industrial production was stable in seasonally adjusted terms in May, which was better than April’s 0.2% fall.
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 7 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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Hungary: Decline in industrial activity persists in May -
Austria: Industrial output deteriorates in May Latest reading: Industrial output fell 0.7% in month-on-month seasonally adjusted terms in May, which was a worse than April’s 0.6%... -
Cyprus: Industrial output flatlines in May Latest reading: Industrial output was flat year on year in calendar-adjusted terms in May, which was a deterioration from April’s... -
Turkey: Industrial output rebounds in May Latest reading: Industrial output rose 3.2% in month-on-month seasonally adjusted terms in May, which contrasted April’s 3.1% decrease. Looking at... -
Greece: Industrial output dips in May Latest reading: Industrial output declined 0.4% in month-on-month seasonally adjusted terms in May, which contrasted April’s 0.5% increase. May’s reading... -
Bulgaria: Industrial activity contracts at softer pace in May Latest reading: Industrial production dropped 6.6% year on year in May (April: -12.8% yoy). May’s softer drop was due to... -
Netherlands: Industrial output rebounds in May Latest reading: Industrial production rose 0.3% month on month in seasonally adjusted terms in May (April: -0.8% mom s.a.). The...