Serbia’s industrial production fell 2.8 percent year-on-year in March 2019, following a 2.4 percent gain in the previous month. Output dropped for energy (-13.1 percent from 6.1 percent in February); durable consumer goods (-2.0 percent from 4.2 percent); and non-durable (-1.8 percent from 2.0 percent). On the other hand, production of intermediate goods rebounded (4.2 percent from -1.8 percent) and capital goods output advanced further (7.5 percent from 3.4 percent). Considering the first quarter of the year, industrial output declined 1.9 percent. Industrial Production in Serbia averaged 2.02 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.