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The Government of the Republic of Serbia

In the service of citizens

Industrial production down by 4.4%

Belgrade, 30 September 2008

The Serbian Statistics Office stated today that industrial production in Serbia in August 2008, when compared to August 2007, fell by 4.4%, and by 4.6% in comparison to the 2007 average.

In the period January– August 2008, compared with the same period in 2007, industrial production went up by 3.1%.

Examined by sectors, in August 2008 compared with the same month in 2007, there was a fall of 6.2% in the processing sector, and a growth of 2.1% in mining and quarrying and 2% in energy production and distribution of electric energy, gas and water.

There was also a fall in the production of non-durable consumer goods of 8.6%, intermediary products, energy excluded, of 5.9%, though a growth of 1.9% was recorded in the production of durable consumer goods, of 1.6% in capital goods and 1.1% in energy.

The industrial production volume in August 2008, compared to August 2007, showed that there was fall in 18 divisions, which participate in the structure of industrial production with 64%, while production went up in 11 divisions, which participate in the structure of industrial production with 36%.

Industrial production fall in August 2008, compared to August 2007, was mainly influenced by the following sectors: manufacture of food products, tobacco products, textiles, products made of metal, machines excluded, and chemicals and chemical products.

The seasonal adjustment of the industrial production index for August 2008, compared to the 2007 average, indicates a 1.2% growth in overall industrial production and a 0.1% growth in manufacturing.

The seasonally adjusted industrial production index for August 2008, compared to July 2008, indicates a 3.3% fall in overall industrial production and a 3.5% fall 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 342 selected units. In July, 135 enterprises submitted the requested data.

Including the assessment of the industrial production of SMEs, in August 2008 compared to the 2007 average, overall industrial production fell by 3.9% (otherwise it fell by 4.6%) and manufacturing by 3.3% (otherwise at 4.2%).