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The Government of the Republic of Serbia

In the service of citizens

June industrial production up by 1.8%

Belgrade, 31 July 2008

The Serbian Statistics Office stated today that industrial production in Serbia in June 2008, when compared to June 2007, increased by 1.8%, and by 3.2% in comparison to the 2007 average.

In the first half of 2008, compared with the same period in 2007, industrial production went up by 4.1%.

Examined by sectors, in June 2008 compared to the same month in 2007, there was a growth of 3.9% in the processing sector, whereas a fall of 8.1% was recorded in the production of durable consumer goods, 1.7% in energy production and 0.8% in the production of non-durable consumer goods.

The industrial production volume in June 2008, compared to June 2007, showed that there was growth in 16 divisions, which participate in the structure of industrial production with 42%, while production fell in 13 divisions, which participate in the structure of industrial production with 58%.

Industrial production growth in June 2008, compared to June 2007, was mainly influenced by the following sectors: manufacture of chemicals and chemical products, manufacture of oil derivatives, other traffic goods and products made of metal, machines excluded.

The growth in first half of 2008 was mainly influenced by the manufacture of chemicals and chemical products, electric energy, products made of metal, machines excluded, and the manufacture of basic metals.

The seasonal adjustment of the industrial production index for June 2008, compared to the 2007 average, indicates a 4.8% growth in overall industrial production and a 5.2% growth in manufacturing.

The seasonally adjusted industrial production index for June 2008, compared to May 2008, indicates a 1.6% growth in overall industrial production and a 1.4% in manufacturing.

The production of small and medium-sized enterprises (SMEs) that were not included in regular statistical surveys is monitored based on a sample of 325 selected units. In June, 116 enterprises submitted the requested data.

Including the assessment of the industrial production of SMEs, in June 2008 compared to the 2007 average, overall industrial production increased by 3.2% (otherwise it went up by 3.2%) and manufacturing by 8.1% (otherwise the growth also stands at 8.1%).