Serbian Industrial production in first half of year 5.2%

The Serbian Statistics Office stated that industrial production in Serbia in June 2007, against the same period in 2006 went up by 4.8%, and in relation to the 2006 average, it increased by 4.4%.

In the first half of 2007, when compared to the same period in 2006, industrial production increased by 5.2%.

Observed by sectors, in June 2007 compared to June 2006, in the sector of electric power, gas and water supply there was a growth of 15.6%, mining and quarrying rose by 10.1%, and the manufacturing industry saw a growth of 2.3%.

In June 2007, against June 2006, industrial production in durable consumer goods was up by 13.8%, in energy by 10.4%, in capital goods by 6.3%, in intermediate goods, excluding energy, by 3.6%, and non-durable consumer goods by 1.9%.

Overall industrial production in June 2007, compared to June 2006, showed growth in 17 divisions that in the structure of industrial production participate with 70%, fall in 12 sectors that in the structure of industrial production participate with 30%.

The largest positive effect on industrial production growth in June 2007 compared to June 2006 was made by the sector of electricity, manufacture of food products, manufacture of basic metals, publishing, printing and reproduction, mining and briquetting of coal.

The most positive effect on industrial production growth in the first half of 2007 compared to the same period in 2006 was made by the sector of manufacture of food products, manufacture of basic metals, manufacture of furniture and manufacture of electrical machinery and apparatus.

The deseasonlised index of industrial production index for June 2007, compared to the 2006 average, indicates a 3.5% growth of overall industrial production and a 0.1% growth of manufacturing.

The deseasonalised industrial production index for June 2007, compared to May 2007 shows a 1.7% fall in overall industrial production and a 5.2% fall in manufacturing.

The production of small and medium-sized enterprises (SMEs) that were not included in regular statistical surveys was conducted on a sample of 334 selected units in the manufacturing section. In June, 107 enterprises submitted the requested data.

When the assessment of industrial production of SMEs of the sample is included, in June 2007 compared to the 2006 average, overall industrial production increased by 5.1% (otherwise this growth equals to 4.4%) and manufacturing increased by 8.4% (otherwise the growth stands at 7.3%).

(Government of Serbia)