Statistical Release

Industrial production in the Republic of Serbia, in February 2024 was higher by 8.4% compared to the same month in 2023, and compared to the 2023 average was by 1.7% higher. Industrial production in the period January–February 2024 relative to the same period 2023, increased by 7.9%. Seasonally adjusted index in February 2024 compared to January 2024 shows an increase of the total industry by 0.8% and increase of 1.1% of the Manufacturing section.

Observed by sections, in February 2024, compared to February 2023, industrial production in the Mining and quarrying section increased by 14.9%, production in Manufacturing section increased by 10.8%, and the production in the Electricity, gas, steam and air conditioning supply section decreased by 2.9%.

1. Industrial production indices, by MIGs, sections and divisions, 2024

Republic of Serbia
	Ø 2023=100			II 2024 II 2023	I-II 2024 I-II 2023
	I	II	I-II	II 2024 II 2023	I-II 2024 I-II 2023
TOTAL¹⁾	96.2	101.7	98.9	108.4	107.9
Energy	112.4	105.4	108.9	102.6	103.9
Intermediate goods except energy	90.2	106.3	98.3	119.8	115.6
Capital goods	94.3	102.9	98.6	105.0	107.1
Durable consumer goods	75.0	94.4	84.7	99.4	92.3
Non durable consumer goods	89.7	93.3	91.5	105.2	106.0
B - Mining and quarrying	104.1	108.8	106.4	114.9	106.5
05 Mining of coal and lignite	100.9	101.8	101.3	104.2	98.7
06 Extraction of crude petroleum and natural gas	102.0	95.0	98.5	103.9	102.5
07 Mining of metal ores	113.0	119.0	116.0	123.3	112.2
08 Other mining and quarrying	56.4	90.8	73.6	146.0	127.8
C - Manufacturing	89.5	99.8	94.6	110.8	108.9
10 Manufacture of food products	95.0	95.0	95.0	108.6	109.6
11 Manufacture of beverages	79.0	74.6	76.8	101.5	102.9
12 Manufacture of tobacco products	86.1	93.4	89.7	104.1	106.0
13 Manufacture of textiles	88.8	104.4	96.6	110.7	110.8
14 Manufacture of wearing apparel	85.0	99.6	92.3	108.0	102.8
15 Manufacture of leather and related products	86.8	105.7	96.2	106.1	105.0
16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	70.9	77.6	74.2	81.0	88.0
17 Manufacture of paper and paper products	99.9	106.5	103.2	113.5	117.8
18 Printing and reproduction of recorded media	104.4	103.0	103.7	111.4	117.3
19 Manufacture of coke and refined petroleum products	92.3	103.5	97.9	118.3	104.9
20 Manufacture of chemicals and chemical products	91.9	113.6	102.7	124.3	115.5
21 Manufacture of basic pharmaceutical products and pharmaceutical preparations	85.4	96.3	90.8	97.0	100.0
22 Manufacture of rubber and plastic products	84.7	102.8	93.7	100.9	98.5
23 Manufacture of other non-metallic mineral products	54.3	79.5	66.9	115.2	104.2
24 Manufacture of basic metals	104.2	121.3	112.7	182.1	177.5
25 Manufacture of fabricated metal products, except machinery and equipment	83.9	105.1	94.5	118.6	113.3
26 Manufacture of computer, electronic and optical products	107.6	122.0	114.8	168.3	178.3
27 Manufacture of electrical equipment	93.2	110.4	101.8	117.8	115.9
28 Manufacture of machinery and equipment n.e.c.	75.0	88.6	81.8	85.1	80.5
29 Manufacture of motor vehicles, trailers and semi-trailers	101.2	110.6	105.9	106.9	109.2
30 Manufacture of other transport equipment	139.4	103.3	121.3	113.6	135.2
31 Manufacture of furniture	79.7	96.6	88.2	105.9	102.2
32 Other manufacturing	86.7	100.8	93.8	94.0	96.2
33 Repair and installation of machinery and equipment	90.6	92.7	91.6	85.0	87.9
D - Electricity, gas, steam and air conditioning supply	123.9	107.4	115.6	97.1	104.6
35 Electricity, gas, steam and air conditioning supply	123.9	107.4	115.6	97.1	104.6

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1)The estimate of the industrial production of small-sized enterprises that are not covered by regular statistical surveys of industry was made for February 2024. 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 February 2024/2023 average, for total industrial production stands at 101.6 and for manufacturing at 99.6.

2. Seasonally adjusted industrial production indices

Republic of Serbia Ø 2023=100
	I	II	III	IV	V	VI	VII	VIII	IX	X	XI	XII
Total industry
2023	97.8	99.6	101.0	100.5	99.1	99.4	99.0	101.4	100.1	100.6	101.0	102.6
2024	102.4	103.2
Manufacturing
2023	99.4	98.8	101.3	100.2	99.4	100.5	96.8	100.7	101.2	101.4	100.4	102.4
2024	102.2	103.3

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AP Vojvodina
	Ø 2023=100	II 2024 II 2023	I-II 2024 I-II 2023
TOTAL	94.2	101.2	97.7	108.2	106.8
Energy	101.1	109.0	105.0	112.6	102.2
Intermediate goods except energy	88.8	102.6	95.7	113.6	113.1
Capital goods	94.7	103.2	99.0	101.3	104.5
Durable consumer goods	67.7	112.5	90.1	112.4	104.8
Non durable consumer goods	94.0	94.5	94.3	104.9	106.8
B - Mining and quarrying	95.6	94.9	95.2	108.8	101.7
05 Mining of coal and lignite	87.2	137.9	112.5	851.2	182.0
06 Extraction of crude petroleum and natural gas	101.1	94.3	97.7	103.2	101.7
08 Other mining and quarrying	50.2	85.5	67.8	115.2	82.7
C - Manufacturing	92.5	100.1	96.3	109.0	107.7
10 Manufacture of food products	98.7	94.1	96.4	108.4	111.1
11 Manufacture of beverages	85.9	83.2	84.6	107.1	108.6
12 Manufacture of tobacco products	113.4	124.1	118.7	170.7	131.9
13 Manufacture of textiles	97.0	98.1	97.5	100.4	110.0
14 Manufacture of wearing apparel	93.0	97.7	95.4	114.1	110.2
15 Manufacture of leather and related products	89.9	121.3	105.6	119.6	114.2
16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	61.2	81.0	71.1	89.3	83.2
17 Manufacture of paper and paper products	90.5	110.6	100.6	126.4	124.2
18 Printing and reproduction of recorded media	96.9	104.6	100.8	96.7	103.2
19 Manufacture of coke and refined petroleum products	92.8	104.5	98.6	118.5	104.8
20 Manufacture of chemicals and chemical products	104.2	113.4	108.8	115.5	106.5
21 Manufacture of basic pharmaceutical products and pharmaceutical preparations	85.6	94.9	90.3	94.0	95.8
22 Manufacture of rubber and plastic products	93.2	106.7	99.9	115.1	117.4
23 Manufacture of other non-metallic mineral products	55.8	72.1	64.0	120.6	105.8
24 Manufacture of basic metals	72.1	84.3	78.2	73.9	85.5
25 Manufacture of fabricated metal products, except machinery and equipment	89.3	108.0	98.7	107.5	115.6
26 Manufacture of computer, electronic and optical products	146.5	181.0	163.8	272.2	333.6
27 Manufacture of electrical equipment	96.0	113.6	104.8	125.7	123.7
28 Manufacture of machinery and equipment n.e.c.	77.6	88.4	83.0	81.8	80.7
29 Manufacture of motor vehicles, trailers and semi-trailers	103.9	111.2	107.6	108.3	113.3
30 Manufacture of other transport equipment	136.8	77.9	107.3	85.7	118.0
31 Manufacture of furniture	68.1	126.0	97.1	126.6	120.8
32 Other manufacturing	89.8	105.8	97.8	96.3	100.1
33 Repair and installation of machinery and equipment	88.6	94.6	91.6	91.0	91.2
D - Electricity, gas, steam and air conditioning supply	145.4	138.2	141.8	95.0	93.4
35 Electricity, gas, steam and air conditioning supply	145.4	138.2	141.8	95.0	93.4

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4. Industrial production indices, by sections, MIGs and divisions (2021=100)

Republic of Serbia
	II 2023	III 2023	IV 2023	V 2023	VI 2023	VII 2023	VIII 2023	IX 2023	X 2023	XI 2023	XII 2023	I 2024	II 2024
Total	98.0	112.7	102.0	103.7	104.8	99.8	102.7	105.8	110.6	110.8	110.5	100.3	106.4
Energy	105.6	114.1	103.1	90.1	89.7	99.5	103.1	94.6	99.6	108.5	116.2	115.2	108.4
Intermediate goods, energy excluded	92.3	108.7	102.5	109.5	109.6	102.9	108.5	106.4	112.8	107.4	102.6	94.0	110.6
Capital goods	113.3	134.1	112.5	117.5	126.0	104.2	98.9	116.4	119.8	123.9	120.0	107.0	119.0
Durable consumer goods	87.2	102.1	87.3	96.8	99.2	78.1	84.3	96.9	100.6	100.6	87.4	68.1	86.7
Non-durable consumer goods	91.7	108.1	97.5	105.2	106.0	96.6	98.8	112.0	115.7	112.2	111.4	92.8	96.6
B - Mining and quarrying	119.3	133.3	128.8	98.7	107.0	125.1	142.5	123.6	143.8	131.3	126.3	131.0	137.1
05 Mining of coal and lignite	85.4	100.8	80.9	56.1	55.7	92.9	100.9	95.1	100.3	92.4	94.4	88.2	89.0
06 Extraction of crude petroleum and natural gas	88.3	97.9	94.6	98.1	95.5	99.2	100.6	97.8	99.7	93.5	96.8	98.5	91.8
07 Mining of metal ores	183.3	188.0	214.2	160.1	187.5	173.8	211.2	165.3	214.5	195.2	176.7	214.6	226.0
08 Other mining and quarrying	64.1	100.6	93.4	107.1	111.9	112.4	124.4	111.2	134.2	116.2	106.7	57.8	93.6
C - Manufacturing	92.2	108.7	98.2	106.4	107.6	98.0	99.9	107.8	110.4	108.2	105.8	91.3	102.2
10 Manufacture of food products	90.1	104.5	97.2	101.7	98.2	94.9	97.9	114.6	121.5	116.9	115.2	97.8	98.2
11 Manufacture of beverages	76.1	107.9	107.2	117.8	124.9	116.6	115.8	102.9	93.3	99.1	102.0	81.8	77.2
12 Manufacture of tobacco products	97.6	121.9	88.9	113.7	120.6	67.8	106.6	114.9	138.6	127.6	120.7	93.7	101.6
13 Manufacture of textiles	99.5	124.1	106.0	124.9	111.1	79.8	95.5	106.1	119.0	118.0	97.4	93.8	110.1
14 Manufacture of wearing apparel	92.6	126.9	97.8	113.4	111.5	93.9	66.6	106.8	108.9	110.4	88.0	87.5	100.0
15 Manufacture of leather and related products	86.7	97.4	83.9	89.7	93.5	85.2	61.9	100.0	96.1	95.4	81.7	75.5	92.0
16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	77.6	94.5	78.5	90.9	76.3	74.3	82.1	73.1	93.4	91.0	80.3	61.2	62.8
17 Manufacture of paper and paper products	90.9	109.5	100.8	100.7	98.7	87.6	90.9	99.7	100.2	101.2	104.7	96.9	103.3
18 Printing and reproduction of recorded media	75.6	89.1	71.8	78.2	77.8	78.9	80.3	90.8	89.4	76.4	104.4	85.4	84.3
19 Manufacture of coke and refined petroleum products	93.8	103.3	104.6	106.8	110.3	110.1	116.5	111.3	107.3	107.0	109.0	98.9	111.0
20 Manufacture of chemicals and chemical products	81.0	98.3	81.2	97.1	97.4	90.2	107.4	91.3	75.4	73.6	93.2	81.7	100.5
21 Manufacture of basic pharmaceutical products and pharmaceutical preparations	115.5	115.6	108.7	114.8	120.4	112.1	115.9	125.3	124.5	118.8	127.9	99.2	111.9
22 Manufacture of rubber and plastic products	94.9	106.4	92.8	99.6	100.1	92.1	80.6	94.9	100.1	90.5	83.3	78.7	95.7
23 Manufacture of other non-metallic mineral products	66.9	100.0	97.0	104.5	100.9	96.9	121.1	110.5	113.9	100.5	93.7	52.7	77.1
24 Manufacture of basic metals	62.3	68.8	87.6	116.1	104.3	105.9	90.8	94.3	120.2	110.4	104.0	97.1	113.3
25 Manufacture of fabricated metal products, except machinery and equipment	80.1	102.4	85.9	94.8	101.4	90.1	89.6	94.3	87.4	91.0	97.1	75.6	95.0
26 Manufacture of computer, electronic and optical products	147.5	173.1	169.4	189.4	239.5	185.0	183.0	207.9	205.9	238.6	336.6	217.1	243.4
27 Manufacture of electrical equipment	99.2	117.4	96.7	106.0	109.7	94.1	109.6	115.6	121.7	123.6	90.2	98.8	116.9
28 Manufacture of machinery and equipment n.e.c.	118.4	139.1	121.4	119.6	115.7	98.1	98.1	110.1	106.2	109.6	115.5	85.2	100.7
29 Manufacture of motor vehicles, trailers and semi-trailers	115.9	130.4	104.7	116.6	122.4	94.7	92.3	118.4	125.4	126.3	95.1	110.2	123.9
30 Manufacture of other transport equipment	134.8	171.4	149.1	118.5	174.5	151.6	143.2	119.8	157.7	182.2	145.7	203.9	153.2
31 Manufacture of furniture	82.0	96.3	84.3	91.3	96.0	81.3	87.7	98.4	97.8	98.4	92.6	70.6	86.9
32 Other manufacturing	101.7	112.9	93.3	105.3	105.9	98.9	55.7	97.8	101.0	96.5	85.6	82.2	95.6
33 Repair and installation of machinery and equipment	115.7	110.3	88.6	100.2	100.5	108.0	117.9	107.6	111.4	111.5	122.9	85.2	100.6
D - Electricity, gas, steam and air conditioning supply	115.8	122.1	107.8	90.9	89.0	96.2	97.6	86.8	95.5	113.1	124.9	129.1	112.3
35 Electricity, gas, steam and air conditioning supply	115.8	122.1	107.8	90.9	89.0	96.2	97.6	86.8	95.5	113.1	124.9	129.1	112.3

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5. Monthly indices of industrial production by divisions and groups of the CA, 2024

Republic of Serbia Ø2023=100
		I	II
B-D	Total	96.2	101.7
B	Mining and quarrying	104.1	108.8
05	Mining of coal and lignite	100.9	101.8
051	Mining of hard coal	62.8	66.5
052	Mining of lignite	101.0	102.0
06	Extraction of crude petroleum and natural gas	102.0	95.0
061	Extraction of crude petroleum	102.8	95.6
062	Extraction of natural gas	99.4	93.1
07	Mining of metal ores	113.0	119.0
072	Mining of non-ferrous metal ores	113.0	119.0
08	Other mining and quarrying	56.4	90.8
081	Quarrying of stone, sand and clay	57.8	96.0
089	Mining and quarrying n.e.c.	47.9	59.3
C	Manufacturing	89.5	99.8
10	Manufacture of food products	95.0	95.0
101	Processing and preserving of meat and production of meat products	97.4	98.3
102	Processing and preserving of fish, crustaceans and molluscs	111.1	112.9
103	Processing and preserving of fruit and vegetables	77.2	78.1
104	Manufacture of vegetable and animal oils and fats	104.9	108.2
105	Manufacture of dairy products	96.7	109.7
106	Manufacture of grain mill products, starches and starch products	92.4	98.6
107	Manufacture of bakery and farinaceous products	90.6	100.9
108	Manufacture of other food products	103.1	76.7
109	Manufacture of prepared animal feeds	90.3	96.8
11	Manufacture of beverages	79.0	74.6
110	Manufacture of beverages	79.0	74.6
12	Manufacture of tobacco products	86.1	93.4
120	Manufacture of tobacco products	86.1	93.4
13	Manufacture of textiles	88.8	104.4
131	Preparation and spinning of textile fibres	74.2	104.4
132	Weaving of textiles	62.2	89.4
133	Finishing of textiles	80.9	89.1
139	Manufacture of other textiles	90.7	106.5
14	Manufacture of wearing apparel	85.0	99.6
141	Manufacture of wearing apparel, except fur apparel	83.7	98.9
142	Manufacture of articles of fur	7.6	-
143	Manufacture of knitted and crocheted apparel	89.3	101.8
15	Manufacture of leather and related products	86.8	105.7
151	Tanning and dressing of leather; manufacture of luggage, handbags, saddlery and harness; dressing and dyeing of fur	87.3	103.3
152	Manufacture of footwear	86.3	107.5
16	Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	70.9	77.6
161	Sawmilling and planing of wood	78.5	84.8
162	Manufacture of products of wood, cork, straw and plaiting materials	70.1	76.9
17	Manufacture of paper and paper products	99.9	106.5
171	Manufacture of pulp, paper and paperboard	103.9	108.8
172	Manufacture of articles of paper and paperboard	98.6	105.8
18	Printing and reproduction of recorded media	104.4	103.0
181	Printing and service activities related to printing	104.4	103.0
19	Manufacture of coke and refined petroleum products	92.3	103.5
192	Manufacture of refined petroleum products	92.3	103.5
20	Manufacture of chemicals and chemical products	91.9	113.6
201	Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms	115.3	121.7
202	Manufacture of pesticides and other agrochemical products	51.4	140.2
203	Manufacture of paints, varnishes and similar coatings, printing ink and mastics	48.2	99.1
204	Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations	78.6	98.1
205	Manufacture of other chemical products	64.2	101.3
206	Manufacture of man-made fibres	86.8	110.0
21	Manufacture of basic pharmaceutical products and pharmaceutical preparations	85.4	96.3
211	Manufacture of basic pharmaceutical products	58.4	99.9
212	Manufacture of pharmaceutical preparations	86.2	96.2
22	Manufacture of rubber and plastic products	84.7	102.8
221	Manufacture of rubber products	89.2	109.1
222	Manufacture of plastic products	80.9	97.6
23	Manufacture of other non-metallic mineral products	54.3	79.5
231	Manufacture of glass and glass products	72.0	73.1
233	Manufacture of clay building materials	75.9	66.2
234	Manufacture of other porcelain and ceramic products	30.1	104.3
235	Manufacture of cement, lime and plaster	52.1	77.5
236	Manufacture of articles of concrete, cement and plaster	44.7	87.9
237	Cutting, shaping and finishing of stone	81.9	120.1
239	Manufacture of abrasive products and non-metallic mineral products n.e.c.	43.1	92.3
24	Manufacture of basic metals	104.2	121.3
241	Manufacture of basic iron and steel and of ferro-alloys	85.6	81.3
242	Manufacture of tubes, pipes, hollow profiles and related fittings, of steel	78.7	99.4
243	Manufacture of other products of first processing of steel	72.3	89.9
244	Manufacture of basic precious and other non-ferrous metals	132.0	174.4
245	Casting of metals	93.8	106.8
25	Manufacture of fabricated metal products, except machinery and equipment	83.9	105.1
251	Manufacture of structural metal products	78.7	88.4
252	Manufacture of tanks, reservoirs and containers of metal	60.0	83.7
253	Manufacture of steam generators, except central heating hot water boilers	133.8	169.4
254	Manufacture of weapons and ammunition	91.6	117.1
255	Forging, pressing, stamping and roll-forming of metal; powder metallurgy	89.2	111.5
256	Treatment and coating of metals; machining	83.3	88.7
257	Manufacture of cutlery, tools and general hardware	139.5	159.8
259	Manufacture of other fabricated metal products	75.2	100.4
26	Manufacture of computer, electronic and optical products	107.6	122.0
261	Manufacture of electronic components and boards	94.0	103.4
262	Manufacture of computers and peripheral equipment	67.2	91.0
263	Manufacture of communication equipment	105.5	92.3
264	Manufacture of consumer electronics	66.4	89.4
265	Manufacture of instruments and appliances for measuring, testing and navigation; watches and clocks	124.9	135.2
266	Manufacture of irradiation, electromedical and electrotherapeutic equipment	79.0	163.6
267	Manufacture of optical instruments and photographic equipment	65.3	89.0
27	Manufacture of electrical equipment	93.2	110.4
271	Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus	102.9	114.4
273	Manufacture of wiring and wiring devices	80.4	113.6
274	Manufacture of electric lighting equipment	94.5	100.0
275	Manufacture of domestic appliances	73.6	96.1
279	Manufacture of other electrical equipment	142.7	296.7
28	Manufacture of machinery and equipment n.e.c.	75.0	88.6
281	Manufacture of general-purpose machinery	81.3	90.5
282	Manufacture of other general-purpose machinery	44.4	87.5
283	Manufacture of agricultural and forestry machinery	74.0	93.2
284	Manufacture of metal forming machinery and machine tools	33.0	75.6
289	Manufacture of other special-purpose machinery	86.1	84.8
29	Manufacture of motor vehicles, trailers and semi-trailers	101.2	110.6
291	Manufacture of motor vehicles	17.4	115.2
292	Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers	81.0	115.4
293	Manufacture of parts and accessories for motor vehicles	101.9	110.5
30	Manufacture of other transport equipment	139.4	103.3
301	Building of ships and boats	109.2	119.1
302	Manufacture of railway locomotives and rolling stock	146.7	103.8
309	Manufacture of transport equipment n.e.c.	52.3	92.1
31	Manufacture of furniture	79.7	96.6
310	Manufacture of furniture	79.7	96.6
32	Other manufacturing	86.7	100.8
321	Manufacture of jewellery, bijouterie and related articles	0.2	0.3
325	Manufacture of medical and dental instruments and supplies	89.6	104.0
329	Manufacturing n.e.c.	86.2	102.1
33	Repair and installation of machinery and equipment	90.6	92.7
331	Repair of fabricated metal products, machinery and equipment	93.9	97.6
332	Installation of industrial machinery and equipment	80.5	77.6
D	Electricity, gas, steam and air conditioning supply	123.9	107.4
35	Electricity, gas, steam and air conditioning supply	123.9	107.4
351	Electric power generation, transmission and distribution	123.9	107.4

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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

IFO_o – index of the physical volume of industrial production for divisions;
q1 – quantity produced in the current period;
q₀– 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= ∑ W_iI_i /∑ W_i

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.

DATABASE

Reference metadata

Industrial production indices, February 2024

The industrial production in February 2024 increased by 8,4% relative to February 2023

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