Industrial production at + 4.6% in September; foreign trade declines

Industrial production in Serbia in September this year was 4.6% higher than in the same month last year and, compared to the 2019 average, was 7.9% higher, the State Statistical Office says.

Industrial production in the January-September period of this year, compared to the same period in 2019, was 0.2% lower.

In September, compared to the same month last year, the electricity, gas, steam and air conditioning sectors (9.6%), manufacturing (4.1%) and mining (0.5%) all recorded growth.

If we look at the target groups of industrial production in September this year, compared to the same month last year, the production of consumer goods (27.8%), capital goods (10.2%) and non-durable consumer goods (5.6%), energy (2.7%) and intermediate goods, except energy, (1.3%) all increased.

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The volume of industrial production in September of this year, compared to September of last year, recorded an increase in 20 segments that have an 81% share in the structure of industrial production and a 19% decrease in nine segments.

The production of small businesses, that is companies with fewer than 50 employees, which are not the subject of the regular statistical survey, is monitored on a sample of units selected by the manufacturing sector.

According to this sample, industrial production in September 2020 was 7.3% higher in total industrial production and 11.1% higher in manufacturing than the 2019 average.

In the first nine months of this year, the foreign trade of Serbia amounted to 28.70 billion euro; 5.4% less than in the same period last year.

Exports amounted to 12.2 billion euro, down 6.1% compared to the same period last year, while imports decreased by 4.8% and amounted to 16.5 billion euro.

The deficit amounts to 4.3 billion euro and is 0.8% lower.

The export to import ratio was 73.9% and is lower than the one from the same period last year, when it stood at 74.9%.

Foreign trade was higher with countries with which Serbia has signed free trade agreements. The EU Member States account for 60.9% of total trade.

The CEFTA countries are the second most important trading partner for Serbia. Our country recorded a 1.5 billion dollar surplus in trading with these countries, which is mainly the result of exports of agricultural products (cereals and derived products), machinery and electrical appliances, crude oil and petroleum products, road vehicles and beverages.

(Nova, 01.11.2020)

This post is also available in: Italiano

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