electricity production

Serbia’s Energy Output Decline Weighs on Industry and Trade

Serbia’s energy sector recorded another decline in production during the first seven months of 2026, reducing its contribution to industrial activity and weakening the country’s energy trade position. Output in electricity, gas, steam and air conditioning fell 4.8% year on year in January-July and 8.8% in July, according to the September edition of the Macroeconomic Analyses and Trends bulletin. The sector represents almost 15% of Serbia’s industrial production and was the only major economic sector estimated to have contracted during…