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Serbia
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Serbia's industrial output down 1.1% y/y in May

Jun 28, 2024, 4:01:33 PMArticle by Iskra Pavlova
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June 28 (SeeNews) - Serbia's industrial production fell by 1.1% year-on-year in May, after expanding by an annual 2.9% in April, the country’s statistics office said on Friday.

Serbia's industrial output down 1.1% y/y in May
Photo by Christopher Burns on Unsplash

Compared to April, seasonally adjusted data for May shows a 2.7% increase in industrial production, with a 2.1% rise in manufacturing, the statistics office said in a data release.

In January-May, industrial output was up 2.0% compared to a year earlier.

Industrial production in Serbia, breakdown by sector (y/y pct change):

May'24 April'24 Jan-May'24
Total -1.1 2.9 2.0
- mining 28.9 5.3 9.9
- manufacturing -2.0 6.6 2.7
- utilities -9.1 -15 -4.3

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