Serbia, Industrial production in October was 0.1 percent lower than in the same month last year
, NewsIn 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.
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.
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.
LATEST NEWS
- May 11, 2023 Mining Industry, Science and Communications, bridging the gaps
- May 11, 2023 Communicating Energy, new tech industries communications
- May 9, 2023 Serbia economy briefing: Transformation of “Elektroprivreda Srbija”
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials, the advantages of Serbia as materials supplier
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- February 28, 2023 Serbian exploitation miner Belkalhan could become EU primary supplier of Graphite critical raw material
- February 28, 2023 Calcite/calcium carbonate premium quality supplier from Serbia opening supply contracts for 24,25, pharmaceutical/chemical/food processing industry opportunity for JV
- February 16, 2023 Serbian Belkalhan calcite & graphite mining developer invites JV partners for joint critical raw materials exploitation
- February 15, 2023 Petroprocess to modernize EPS power plant CEMS system with state of the art equipment
- June 9, 2023 20 years of Microsoft in Serbia
- June 9, 2023 What does the withdrawal of the Draft Law on Business Companies mean for Serbia?
- June 9, 2023 Serbia, Returning inflation to a downward trajectory is a priority