Serbia's industrial output growth speeds up to 3.5% y/y in April 2013 – seasonally adjusted

By bne IntelliNews May 31, 2013

Serbia's industrial production growth quickened to 3.5% y/y in April from 2.2% the month before lifted by a 5.0% y/y rise in the manufacturing sector, seasonally-adjusted data of the statistics office showed. In monthly terms, the seasonally-adjusted industrial output inched up 1.8% m/m in April following a 1.2% drop a month earlier. The manufacturing sector’s output grew 4.1% m/m in April.

Compared to the 2012 average, the seasonally-adjusted industrial production increased 4.9% in April, while the manufacturing sector rose 6.6%.

In seasonally-unadjusted terms, industrial output expanded 5.7% y/y in April, speeding up from a mild 0.8% increase in March due to strong activity in the manufacturing sector.

The seasonally-unadjusted manufacturing output rose 9.0% y/y in April supported by higher motor vehicles production (up 198% y/y). The low base effect played a major role as Fiat's plant in Kragujevac launched its operations in July 2012. Rising production of coke and refined petroleum products (up 39% y/y), reflecting increased capacity of the Pancevo oil refinery of local energy firm NIS, also pushed the overall manufacturing output up.

The mining sector production remained in the red, shrinking 3.4% y/y in April after a 7%y/y drop in March, due to falling coal and lignite extraction. The utilities sector output swung to a 3.0% y/y decline in April from a 13.6% growth in March. However, lower mining and quarrying and utilities output were largely offset by higher manufacturing production. 

 

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

China's Hesteel Group to boost investments in Serbia’s Smederevo steel mill

Representatives of China's Hesteel Group, which acquired Serbia’s only steel mill Zelezara Smederevo in July 2016, plan to invest ... more

French court refuses to extradite ex-Kosovo PM Haradinaj to Serbia

The Court of Appeals in the French town of Colmar decided on April 27 not to extradite Kosovo’s former Prime Minister Ramush Haradinaj to Serbia.  The decision was celebrated in Kosovo and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss