International Reserves in Serbia
Serbia - International ReservesThe 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
|International Reserves (EUR)||11.2||9.9||10.4||10.2||10.0|
5 years of economic forecasts for more than 30 economic indicators.
Serbia International Reserves Chart
Source: Statistical Office
|Bond Yield||3.05||0.0 %||Nov 21|
|Exchange Rate||106.4||-0.31 %||Nov 21|
|Stock Market||1,657||-0.44 %||Nov 21|
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December 2, 2019
The economy grew a robust 4.8% on an annual basis in the third quarter, accelerating from the second quarter’s 2.9% expansion and coming in well above expectations of 3.4% growth.
November 29, 2019
Industrial production grew 0.5% year-on-year in October, down from the 1.6% expansion in September.
November 12, 2019
Consumer price rose by 0.1% over the prior month in October, contrasting the 0.5% drop in September.
November 7, 2019
At its 7 November monetary policy meeting, the executive board of the National Bank of Serbia (NBS) unexpectedly decided to cut the key policy rate from 2.50% to 2.25%, bringing the rate to a new record low in the inflation targeting regime and total monetary policy easing to 75 basis points this year.
October 31, 2019
Industrial production grew 1.6% in annual terms in September, up from the 0.5% increase in August.