In May of this year, industrial production in Serbia saw a slight decline of 1.1 percent compared to the same month last year, according to the Republic Institute of Statistics. However, turnover within the industry showed a contrasting trend with a notable increase of 5.9 percent.
Key sectors driving this growth included energy, which saw a substantial turnover rise of 33.9 percent year-on-year, and capital goods, which increased by 12.1 percent. Intermediate products also saw a healthy growth of 6.9 percent in turnover during the same period.
Conversely, there was a decline in turnover for durable consumer goods by 8.1 percent and non-durable consumer goods by 3.6 percent. Within the processing industry, turnover increased by 3.5 percent year-on-year, while mining experienced a significant surge of 68.9 percent in turnover. This growth was particularly pronounced in foreign markets, where mining turnover skyrocketed by 101.9 percent.
Interestingly, the spinning industry faced a decline in export turnover, decreasing by 6.7 percent on foreign markets. However, domestic market turnover for the spinning industry saw a healthy increase of 12.3 percent during the same period.
These statistics highlight the varied dynamics within Serbia’s industrial sectors, reflecting both challenges and opportunities in the domestic and international markets.
