Industrial production grows by 5.3%

During the first eight months of this year, the industrial production in Serbia grew by 5.3% compared to the same period in 2015 – the National Statistical Office said.

In August of this year, industrial production grew by 5.1% relative to the same month of 2015, and by 3% compared to the 2015 average.

Also in August this year, the biggest growth of 7.4% was recorded in power, gas, steam and HVAC sectors.

In regard to mining, the growth stands at 6% based on the same parameters, while the hike in the processing industry stood at 4.3%.

In August, the data relating to the targeted groups shows a 14.3% hike in the production of consumer durables compared to the same period last year.

The growth of industrial production was also recorded in the intermediate product segment. As far as the volume of industrial production in August 2016 goes, it grew in 16 and declined in 13 sectors relative to August 2015.

Production of electricity, chemicals and chemical products, foodstuffs, metal products (excluding machinery), and reproduction of audio and video recordings contributed the most to the higher industrial production in August 2016.

(Beta, 30.09.2016)

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