Serbia, Industrial production in October was 0.1 percent lower than in the same month last year

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In the first ten months, total industrial production it was 1.7 percent higher than in the same period last year, announced the Republic Institute of Statistics.

The most important part of the industry, the manufacturing industry recorded a drop of two percent, and the supply of electricity, gas, steam and air conditioning was reduced by 1.2 percent.

Only the mining sector recorded year-on-year growth of 18.4 percent.

In terms of purpose, October saw a year-on-year decline in the production of non-durable consumer products by 5.2 percent and by 1.4 percent in durable consumer energy products.

On the other hand, growth was achieved in the production of capital products by 6.7 percent and intermediate products (except energy) by 1.9 percent and energy by 0.8 percent.

In 17 industrial areas, which make up 68 percent of industrial production, a year-on-year decrease in production was recorded in October, while in 12 areas there was an increase.

The biggest impact on the fall in industrial production in October was: production of food products, production of basic metals, production of chemicals and chemical products, production of metal products, except machinery, and production of electricity.

The seasonally adjusted index of industrial production for October 2022 compared to September 2022 shows that for industry, a total industrial production growth of 0.5 percent was achieved and that for the processing industry, a decrease of 0.5 percent was achieved, Danas reports.

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