automotive goods

Serbia Industrial Output Splits Between Expanding Capital Goods and Weak Energy Sector

Serbia’s industrial production data for the first quarter of 2026 show a divided performance across sectors, with gains in capital goods and selected manufacturing categories offset by declines in energy, mining and parts of heavy industry. Total industrial production fell by 0.8% year-on-year in Q1 2026, including a 0.4% decline in manufacturing, a 3.2% drop in mining, and a 0.9% decrease in electricity, gas, steam and air-conditioning supply. The headline figures indicate overall weakness, while underlying branch-level data show uneven…