Industrial production indices, June 2017

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Industrial production in the Republic of Serbia, in June 2017 was by 5.7% greater compared to June 2016 and was by 5.6% greater compared to 2016 average. Industrial production for January - June 2017, compared to the same period last year was by 2.1% greater

Observed by sections, June 2017, compared to June 2016, in the mining and quarrying section increased by 16.7%, while the production in the manufacturing section increased by 6.0%, while the production in the section for еlectricity, gas, steam and air conditioning supply was on the same level.

Industrial production, 2013 - 2017

Data in this Communication represent previous results and may undergo certain modifications.

Starting from 1999 the Statistical Office of the Republic of Serbia has not at disposal and may not provide available certain data relative to AP Kosovo and Metohia and therefore these data are not included in the coverage for the Republic of Serbia (total).

^{The estimate of the industrial production of small-sized enterprises that are not covered by regular statistical surveys of industry was made for June 2017. The estimate was made on the basis of the sample. If the estimate of industrial production of small-sized enterprises is included, the industrial production index for June 2017/2016 average, for total industrial production stands at 104.8 and for manufacturing 113.0.↩}

Industrial production indices²

Industrial production index shows the percentage of decrease or increase in the quantities of produced manufactured products (services) on a selected territory. Hence, the index of industrial production presents trends of changes in industry development and the dynamics of its production in short time intervals.

There are two phases in the calculation of the index of production. In the first one, indices for groups and divisions are calculated on the basis of data on quantities, which are collected through the Monthly Survey on Industry, and on the basis of the weight by products (services).

Laspeyre’s formula is used for the calculation. The quantities of products in the current and referent period are multiplied by weights of those products then those multiplication products are divided.

^{Methodological explanations of Industrial Production Index could be found on the SORS website http://webrzs.stat.gov.rs/WebSite/Public/PageView.aspx?pKey=69. Time series of Industrial Production Indices are available on the SORS website, in the database http://webrzs.stat.gov.rs/WebSite/public/ReportView.aspx. ↩}

FORMULA 1

In the second phase, the index of the physical volume of industrial production for the overall industry, sections, sub-sections and MIGs is calculated on the basis of indices obtained for divisions and on the basis of the weight for divisions, the formula below being used for that purpose:

FORMULA 2

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Published and printed by: Statistical Office of the Republic of Serbia, Belgrade, 5, Milana Rakica St

Phone: +381-11/2412-922 (operator) • Fax:2411-260 • www.stat.gov.rs

Responsible: Dr Miladin Kovačević, Acting Director

Issued monthly

Industrial production indices, June 2017

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Industrial production indices2

Industrial production indices²