Statistical Release
Industry - Production and stocks
30.09.2022
Preliminary results Periodicity: monthly Next publication date: 31.10.2022

Industrial production indices, August 2022

The industrial production in August 2022 increased by 0.3% relative to August 2021

Industrial production in the Republic of Serbia, in August 2022 was higher by 0.3% compared to the same month in 2021. Industrial production for the period January - August 2022, compared to the same period last year was by 2.4% higher. Seasonally adjusted index in August 2022 compared to July 2022 shows a decrease of the total industry by 0.6% while the Manufacturing section remained at the same level.  

Observed by sections, in August 2022, compared to August 2021, industrial production in the Mining and quarrying section increased by 3.8%, industrial production in Manufacturing section was increased by 1.3%, while the production in the Electricity, gas, steam and air conditioning supply section was decreased by 6.7%.   


1. Industrial production indices, by MIGs, sections and divisions, 2022

Republic of Serbia
  Ø 2021=100 VIII 2022
VIII 2021
I-VIII 2022
I-VIII 2021
VII VIII I-VIII
TOTAL1)97.696.599.6100.3102.4
Energy96.593.495.694.295.4
Intermediate goods except energy101.193.8103.195.0106.3
Capital goods96.4103.4104.5117.8108.7
Durable consumer goods84.589.191.699.492.1
Non durable consumer goods96.4101.098.6107.4103.6
B MINING AND QUARRYING120.8116.9117.2103.8128.9
    05 Mining of coal and lignite95.796.690.388.390.9
    06 Extraction of crude petroleum and natural gas99.399.297.597.297.9
    07 Mining of metal ores163.8152.9162.5126.9211.6
    08 Other mining and quarrying108.9102.6104.593.8114.1
C MANUFACTURING97.797.199.8101.3103.0
    10 Manufacture of food products92.0100.296.3106.4102.2
    11 Manufacture of beverages123.0133.4106.0108.0103.7
    12 Manufacture of tobacco products93.4115.1103.9172.8117.4
    13 Manufacture of textiles90.474.492.4123.686.4
    14 Manufacture of wearing apparel91.478.196.1104.098.5
    15 Manufacture of leather and related products96.762.799.595.9103.5
    16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials87.685.783.886.783.7
    17 Manufacture of paper and paper products108.7100.4106.8119.1109.1
    18 Printing and reproduction of recorded media85.694.190.191.797.6
    19 Manufacture of coke and refined petroleum products121.9113.2111.798.4117.8
    20 Manufacture of chemicals and chemical products88.272.795.971.694.6
    21 Manufacture of basic pharmaceutical products and pharmaceutical preparations93.788.7101.797.4108.0
    22 Manufacture of rubber and plastic products91.385.695.593.096.4
    23 Manufacture of other non-metallic mineral products107.9101.597.894.699.9
    24 Manufacture of basic metals71.070.690.567.091.0
    25 Manufacture of fabricated metal products, except machinery and equipment89.496.899.899.5103.5
    26 Manufacture of computer, electronic and optical products118.0130.4112.3157.5120.0
    27 Manufacture of electrical equipment99.592.798.8110.899.6
    28 Manufacture of machinery and equipment n.e.c.100.4111.2105.5107.4109.3
    29 Manufacture of motor vehicles, trailers and semi-trailers86.684.696.9135.698.4
    30 Manufacture of other transport equipment131.2157.1137.8125.5141.8
    31 Manufacture of furniture97.988.793.989.996.4
    32 Other manufacturing101.164.995.8130.398.8
    33 Repair and installation of machinery and equipment99.7104.598.0106.799.7
D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY85.483.689.793.387.3
    35 Electricity, gas, steam and air conditioning supply85.483.689.793.387.3

1)The estimate of the industrial production of small-sized enterprises that are not covered by regular statistical surveys of industry was made for August 2022. 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 August 2022/2021 average, for total industrial production stands at 96.6 and for manufacturing 97.2

2. Seasonally adjusted industrial production indices

Republic of Serbia Ø 2021=100
  I II III IV V VI VII VIII IX X XI XII
Total industry
2021100.6103.298.699.794.198.299.8100.899.3100.5101.2101.9
202297.9103.2106.9104.1102.0101.799.398.7
MANUFACTURING
202199.8101.198.7100.694.499.7100.7100.997.8100.0101.5101.8
202298.5104.0108.8104.0105.0102.598.898.8

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Methodological explanations

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).

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.

IFO₀= (∑ q1k0 /∑ q0k0) * 100

IFOo – index of the physical volume of industrial production for divisions;
             q1 – quantity produced in the current period;
             q– quantity produced in the referent period;
             k0 – weights for the product in the referent period.

In the second phase, the index of the physical volume of industrial production for the overall industry, 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:

IFO= ∑ WiIi /∑ Wi

 IFO –  index of the physical volume of industrial production;
               Ii – index of the physical volume of industrial production in a division;
               Wi – weight for the division from the referent period

 

 Methodological explanations of Industrial Production Index could be found on the SORS website. Time series of Industrial Production Indices are available on the SORS website, in the database.