Based on data of the Serbian Statistical Office, real GDP fell by 1.8% in 2014. Observed by quarter, this fall measured 0.2% y-o-y in Q1, 1.2% in Q2, 3.8% in Q3 and 1.8% in Q4.
As indicated by the seasonally-adjusted data of the Serbian Statistical Office, industrial production rose by 6.5% in January relative to the month before, while falling 2.4% relative to the same month a year earlier. Looking at overall industry, manufacturing recorded y-o-y growth of 5.3%, while the sectors of mining and electricity, gas and steam supply recorded a y-o-y fall of 18.0% and 13.6% respectively.
Serbia’s seasonally-adjusted, manufacturing increased by 5.9% in January. Within manufacturing, the largest positive contribution to overall industry at monthly level came from the production of metal, pharmaceutical and chemical products, as well as from the production of electrical equipment and rubber and plastic products.
Source; Governor’s Office National Bank of Serbia
