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The Government of the Republic of Serbia

In the service of citizens

Industrial production up by 1.1 %

Belgrade, 30 January 2009

The Serbian Statistics Office stated today that industrial production in Serbia in December 2008, when compared to December 2007, decreased by 8.9 %, and went up by 1.8 % in comparison to the 2007 average.

In 2008, compared with 2007, industrial production went up by 1.1 %.

Examined by sectors, in December 2008 compared with the same month in 2007, there was a 9.7 % fall in energy production and distribution of electric energy, 9.4% in the processing sector and a growth of 1.1% in mining and quarrying.

There was a fall in the production of intermediary products, energy excluded, of 16.7 %, capital goods by 13.7 %, energy by 9.7 % and non-durable consumer goods of 3.4 %, though a growth of 14.1 % was recorded in the production of durable consumer goods.

The industrial production volume in December 2008, compared to December 2007, showed that there was fall in 20 divisions, which participate in the structure of industrial production by 86 %, while production grew in 11 divisions, which participate in the structure of industrial production by 14 %.

Industrial production fall in December 2008, compared to December 2007, was mainly influenced by manufacture of products made of base metals, food products, electric energy, chemicals and chemical products.

Industrial production growth in 2008, compared with the same period in 2007, was mainly influenced by the following sectors: manufacture of chemicals and chemical products, electric energy, base metals and other traffic goods.

The seasonal adjustment of the industrial production index for December 2008, compared to the 2007 average, indicates an 8.8 % fall in overall industrial production and a 10.6 % fall in manufacturing.

The seasonally adjusted industrial production index for December 2008, compared to November 2008, indicates a 5.3 % fall in overall industrial production and a 6.7 % 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 December 2008, compared to the 2007 average, overall industrial production increased by 1.7 % and manufacturing fell by 1.4%.