energy sector

Serbian Manufacturing Expands as Weak Power Output Weighs on Industry

Serbia’s industrial performance is increasingly being shaped by a widening gap between manufacturing growth and declining electricity production, with factory output providing support to the economy while the energy sector remains a significant drag. Overall industrial production was approximately 0.8% higher year on year in June, based on the National Bank of Serbia (NBS) series derived from official statistical data. The improvement was driven primarily by manufacturing. Manufacturing output increased around 2.8% compared with June 2025, while mining declined about…