Total industrial production in Serbia is growing as a result of strong growth in the energy sector, said professor at the Faculty of Economics in Belgrade Saša Ranđelović at the presentation of the new issue of the Quarterly Monitor magazine.
As he said, the year-on-year growth in the energy sector is almost 20 percent, in the mining sector around five percent, while the processing industry is in the negative zone.
As he emphasized, the growth of production in the energy sector is the result of a good hydrological situation and therefore a high level of electricity production.
Serbia achieved better results in terms of industrial production than the countries of Central and Eastern Europe (CEI), but the overall average for CEI countries is minus two percent.
“The manufacturing industry with the result achieved in the first quarter, is now realistically at the level of the end of the third and fourth quarter of 2021. “The cumulative growth of industrial production in the previous year or year and a half was practically zero,” said Ranđelović.
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