Serbia's industrial output surged 2.4 percent from a year earlier in February 2019, recovering from a 5.5 percent slump in the previous month, boosted by production of energy (6.1 percent), durable consumer goods (4.2 percent), capital goods (3.4 percent) and non-durable consumer goods (2 percent). By contrast, intermediate goods output fell 1.8 percent. Industrial Production in Serbia averaged 2.03 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 1.00 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 1.90 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.