Trade Balance in Serbia
Serbia - Trade BalanceThe pace of economic growth moderated notably in the first quarter, and the breakdown of components calls for caution regarding future growth. Fixed investment growth moderated sharply in Q1 and, while inventory build-up stimulated growth significantly, it is likely that destocking in the later stages of the year will weigh on economic activity. On the other hand, household spending growth remained upbeat, seemingly undeterred by rising price pressures. Turning to the second quarter, inflation rose further in April and is unlikely to have peaked; producer price inflation also intensified in April. More positively, merchandise exports expanded robustly in the same month. Meanwhile, political pressure on Serbia is building. While most of Europe is turning away from Russian oil and gas, the government signed a new three-year gas supply deal with Russia in late May.
Serbia - Trade Balance Data
|Trade Balance (USD billion)||-4.4||-3.5||-4.5||-6.0||-6.3|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Trade Balance Chart
Source: Central Statistical Office, Poland
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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December 29, 2022
Industrial production rose 0.4% year on year in November, contrasting October’s 0.1% contraction.
December 12, 2022
Inflation ticked up slightly to 15.1% in November from October’s 15.0%.
December 8, 2022
The National Bank of Serbia (NBS) hiked the key policy rate by 50 basis points to 5.00% from 4.50% at its 8 December meeting, following its decision to hike by 50 basis points in early November.
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.