Q:
A:
Industrial production increased 2.4% in January
Belgrade,
2 March 2013
The Ministry of Finance and Economy stated today that industrial production in January 2013 increased by 2.4% in relation to January 2012, which is in line with the government plans on economic growth of at least 2% in 2013.
January 2013, in comparison to the same month last year, recorded a growth of 11.4% in the mining industry while the processing industry growth was 3.2%, according to a statement from the Statistics Office.
The growth should be increased in 2013 based on investments and exports, and major export trump are Fiat cars, whose exports will further increase the level of gross domestic product (GDP) of the country.
The largest influence on industrial production growth came from manufacture of motor vehicles and trailers, manufacture of basic pharmaceutical products and pharmaceutical preparations, manufacture of tobacco products, manufacture of furniture and coal exploitation.
The production of furniture was higher in January of this year by 34.7% compared to the same month a year earlier, beverages by 4.5%, tobacco by 138.9%, clothing by 7.2%, paper and paper products by 5.3%, metal products (except machinery) 6.5%, and rubber and plastic products by 2.3%.
The data on industrial production by destination in January 2013, compared to January 2012, expressed growth in the production of the following goods: capital goods, by 61.8%, durable consumer goods, by 23.7%, and non-durable consumer goods and capital goods, by 12.2%.
Higher exports and economic development are precondition for employment growth and increasing living standards, the statement added.
The growth should be increased in 2013 based on investments and exports, and major export trump are Fiat cars, whose exports will further increase the level of gross domestic product (GDP) of the country.
The largest influence on industrial production growth came from manufacture of motor vehicles and trailers, manufacture of basic pharmaceutical products and pharmaceutical preparations, manufacture of tobacco products, manufacture of furniture and coal exploitation.
The production of furniture was higher in January of this year by 34.7% compared to the same month a year earlier, beverages by 4.5%, tobacco by 138.9%, clothing by 7.2%, paper and paper products by 5.3%, metal products (except machinery) 6.5%, and rubber and plastic products by 2.3%.
The data on industrial production by destination in January 2013, compared to January 2012, expressed growth in the production of the following goods: capital goods, by 61.8%, durable consumer goods, by 23.7%, and non-durable consumer goods and capital goods, by 12.2%.
Higher exports and economic development are precondition for employment growth and increasing living standards, the statement added.
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