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The Government of the Republic of Serbia

In the service of citizens

March industrial output goes up by over 5%

Belgrade, 26 April 2006

The Serbian Statistics Office said today that industrial production in Serbia in March this year rose by 5.7% against the 2005 average and 5.8% against March 2005.

In the first trimester, compared to the same period last year, industrial output achieved a surge of 5.7%.

By sectors, the processing industry in March 2006 rose by 7.7% against March 2005 and ore and stone mining by 3.8%, whereas production and distribution of electricity, gas and water fell by 0.5%.

Compared to March 2005, this February the production of durable consumer goods increased by 21.3%, intermediate products excluding energy went up by 14.3%, capital goods by 6.7%, energy by 1.6% and non-durable consumer goods by 1.2%.

Industrial production increased against March 2005 in 18 areas making up 67% of total industrial production, though there was a decline in 11 areas which account for 33% of total industrial production.

Growth in March 2006 in comparison with March 2005 was mostly influenced by the production of elementary metals, motor vehicles and trailers, furniture and non-metallic minerals.

The greatest impact on the growth of industrial production in the first trimester of 2006 against the same period in 2005 came from the production of elementary metals, tobacco, motor vehicles and trailers and food products and beverages.

The deseasonalised industrial output index for this March against the 2005 average shows a 1.8% overall industrial growth and a growth of 2.9% in the processing industry.

The deseasonalised industrial output index for March 2006 against February shows a 1.1% overall industrial decline and a 0.2% fall in the processing industry.

The small and medium-sized enterprise (SME) sector production index is not included in regular statistic surveys and is based on a sample survey of 335 SMEs, and in March 2006 the required data was submitted by 88 companies.

Total industrial production this March, including SME output figures, rose by 5.8% and 4.2% in the processing industry, against last year’s average monthly output.