Industrial production in Serbia decreased 1.2 percent year-on-year in September 2018, following a 4.3 percent drop in the previous month. Output fell less for electricity, gas, steam & air conditioning supply (-8.9 percent vs -11 percent in August) and mining & quarrying (-10 percent vs -20.2 percent), mostly due to mining of coal & lignite; and rebounded for manufacturing (1.2 percent vs -1 percent), namely due to pharmaceutical products (10.3 percent vs -46.7 percent); motor vehicles, trailers & semi- trailers (7.1 percent vs -21.4 percent); printing & reproduction of media (12 percent vs -6.3 percent); wearing apparel (1.5 percent vs -13.2 percent) and beverages (0.5 percent vs -2.2 percent). Industrial Production in Serbia averaged 2.09 percent from 1995 until 2018, 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 2.00 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 2.50 in 12 months time. In the long-term, the Serbia Industrial Production is projected to trend around 2.10 percent in 2020, according to our econometric models.