Industrial production in Serbia decreased 0.6 percent year-on-year in May of 2019, following a 0.8 percent fall in the previous month. Output rebounded for energy (1.6 percent from -14.3 percent) and durable consumer goods (4.7 percent from -3.7 percent) while intermediate goods production slowed (1.7 percent from 3.5 percent). By contrast, output fell for capital goods (-0.3 percent from 13.8 percent) and non-durable consumer goods (-5.9 percent from 3.6 percent). Considering the January to May period, industrial production dropped 1.3 percent. Industrial Production in Serbia averaged 2 percent from 1995 until 2019, reaching an all time high of 110.20 percent in May of 2000 and a record low of -58.73 percent in May of 1999.
Industrial Production in Serbia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Serbia to stand at 2.00 in 12 months time. In the long-term, the Serbia Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.