Serbia Industrial Output Fall for 1st Time in 5 Months

2026-09-01 00:50 By Joshua Ferrer 1 min. read

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.



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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.
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