Serbian food industry on a decline this year

A monthly economic report said on Tuesday that the Serbian food industry has seen its production drop since the start of this year.

The Macroeconomic Analyses and Trends (MAT) newsletter said that food industry production has been dropping by an average of 0.6 percent a month since January, adding that a drop of 2.7 percent was recorded in September this year compared to the same month of 2020.

The report warned that all branches of the food industry have seen their production drop.

In 2021 so far, the processing industry has recorded between 4 and 5% increase, depending on whether the September delay is temporary or permanent.

In September 202, Serbian exports amounted to €1.96 billion and were 24% higher than in the same month last year and imports amounted to €2.47 billion were up 21% at mid-year.

Inflation rose to 5.7% year-on-year in September, as all the prices of basic consumer goods increased. Serbia had lower inflation on a six-month basis than five EU countries in August this year and only two EU countries in September. Half-yearly inflation was 4.2% in Serbia in August and 3.2% in the EU, 5.6% in Serbia in September and 3.6% in the EU.

(Nova, 02.11.2021)

This post is also available in: Italiano

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