Serbia Industrial Output Growth at 5-Month High

2026-10-30 11:24 By Erika Ordonez 1 min. read

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.



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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.
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