International Reserves in Serbia

Serbia International Reserves | Economic News & Forecasts

Serbia - International Reserves

The economy appears to have gained traction in the third quarter. Industrial production recovered in the quarter thanks a rebound in manufacturing output following the overhaul of the oil and chemical industry sectors. Moreover, metrics suggest household spending was strong: Wages rose higher in July–August, while retails sales picked up in Q3 and consumer lending remained robust in the same period amid favorable credit conditions. Looking at the external sector, merchandise export growth moderated slightly in Q3, although weaker imports should have supported net trade in Q3. On the fiscal front, in mid-November the government unveiled the 2020 draft budget, which envisages a smaller fiscal surplus than had been recommended by the IMF in Serbia’s reform program. The budget plans to raise public wages and pension payouts while also increasing spending on road and rail infrastructure.

Serbia - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (EUR)11.2  9.9  10.4  10.2  10.0  

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Serbia International Reserves Chart

Serbia International Reserves
Note: International reserves, months of imports.
Source: Statistical Office

Serbia Facts

Bond Yield3.050.0 %Nov 21
Exchange Rate106.4-0.31 %Nov 21
Stock Market1,657-0.44 %Nov 21

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