Industrial production in Serbia rose by 3.2% year-on-year in September 2026, rebounding from a 0.5% decline in the previous month. This marked the strongest growth since April, as manufacturing output recovered, advancing by 5.1% after falling by 1.8% in August. Meanwhile, production growth slowed in mining and quarrying (0.6% vs 6.7%), while output in electricity, gas, steam and air conditioning supply contracted by 7.2%, compared with 0.8% growth in August. By economic destination, output increased in energy (1.9% vs 0.8%), capital goods (16.1% vs 0.1%), and non-durable consumer goods (5.0% vs -0.5%). In contrast, production fell further in durable consumer goods (-13.4% vs -12.1%) and intermediate goods excluding energy (-1.4% vs -1.3%). On a seasonally adjusted monthly basis, industrial production rose by 2.4%, recovering from a 0.6% decrease in August. Over the January–September 2026 period, industrial production was 0.5% higher than in the corresponding period a year earlier. source: Statistical Office of the Republic of Serbia

Industrial Production in Serbia increased 3.20 percent in September of 2026 over the same month in the previous year. Industrial Production in Serbia averaged 2.07 percent from 1995 until 2026, 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. This page provides the latest reported value for - Serbia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Serbia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

Industrial Production in Serbia increased 3.20 percent in September of 2026 over the same month in the previous year. Industrial Production in Serbia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Industrial Production is projected to trend around 4.50 percent in 2027 and 3.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 10:00 AM
Industrial Production YoY
Aug -0.5% -2.3% -1.0%
2026-10-30 11:00 AM
Industrial Production YoY
Sep 3.2% -0.5% -0.7%
2026-11-30 11:00 AM
Industrial Production YoY
Oct 3.2%


Related Last Previous Unit Reference
Industrial Production YoY 3.20 -0.50 percent Sep 2026
Industrial Production Mom 2.40 -0.60 percent Sep 2026
Manufacturing Production 5.10 -1.80 percent Sep 2026
Mining Production 0.60 6.70 percent Sep 2026


Serbia Industrial Production
In Serbia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 -0.50 110.20 -58.73 1995 - 2026 percent Monthly
NSA

News Stream
Serbia Industrial Output Growth at 5-Month High
Industrial production in Serbia rose by 3.2% year-on-year in September 2026, rebounding from a 0.5% decline in the previous month. This marked the strongest growth since April, as manufacturing output recovered, advancing by 5.1% after falling by 1.8% in August. Meanwhile, production growth slowed in mining and quarrying (0.6% vs 6.7%), while output in electricity, gas, steam and air conditioning supply contracted by 7.2%, compared with 0.8% growth in August. By economic destination, output increased in energy (1.9% vs 0.8%), capital goods (16.1% vs 0.1%), and non-durable consumer goods (5.0% vs -0.5%). In contrast, production fell further in durable consumer goods (-13.4% vs -12.1%) and intermediate goods excluding energy (-1.4% vs -1.3%). On a seasonally adjusted monthly basis, industrial production rose by 2.4%, recovering from a 0.6% decrease in August. Over the January–September 2026 period, industrial production was 0.5% higher than in the corresponding period a year earlier.
2026-10-30
Serbia Industrial Output Decline Eases in August
Industrial production in Serbia fell by 0.5% year-on-year in August 2026, easing from a 2.3% decline in July and marking the second consecutive month of contraction. Manufacturing output dropped by 1.8% (vs -1.6% in July), while electricity, gas, steam and air conditioning supply rose by 0.8% (vs -8.8%) and mining and quarrying increased by 6.7% (vs 3.0%). By economic destination, production of durable consumer goods fell by 12.1% (vs -7.9%), intermediate goods excluding energy by 1.3% (vs +0.3%), and non-durable consumer goods by 0.5% (vs -5.1%). In contrast, energy output rose by 0.8% (vs -7.5%), while capital goods edged up by 0.1% (vs 8.8%). On a seasonally adjusted monthly basis, industrial production declined by 0.6%, following a 0.3% increase in July, with manufacturing down 1.0%. In the January–August 2026 period, industrial production was 0.1% higher than in the same period a year earlier.
2026-09-30
Serbia Industrial Output Fall for 1st Time in 5 Months
Industrial production in Serbia fell by 2.3% year-on-year in July 2026, marking the first decline since February and reversing a 0.8% increase in the previous month. The contraction was driven by declines in electricity, gas, steam and air conditioning supply (-8.8%) and manufacturing (-1.6%), while mining and quarrying output increased by 3.0%. By economic destination, production of durable consumer goods fell by 7.9%, energy by 7.5%, and non-durable consumer goods by 5.1%. In contrast, intermediate goods excluding energy rose by 0.3%, while capital goods increased by 8.8%. On a seasonally adjusted monthly basis, overall industrial production increased by 0.6% from June, although manufacturing declined by 1.9%. Despite the July contraction, industrial production increased by 0.3% in the January–July 2026 period compared with the same period a year earlier.
2026-09-01