Trade Balance in Serbia
Serbia - Trade BalanceEconomic momentum continued to slow for the third consecutive quarter in Q1 2019, primarily owing to a drag from the external sector. While both imports and exports continued to grow strongly, imports outpaced exports once again, weighing on headline growth. Meanwhile, domestic demand held up reasonably well, as private consumption growth was stable in the quarter and investment rebounded markedly despite a weak industrial sector. Nevertheless, government consumption growth softened to a one-year low. Turning to Q2, growth is likely to remain subdued, amid the ongoing slowdown in the Eurozone coupled with domestic and regional political turmoil. Widespread anti-government protests persisted through May, and Serbia announced it would retaliate on 1 July if Kosovo’s import tariffs remain in place.
Serbia - Trade Balance Data
|Trade Balance (USD billion)||-5.5||-5.5||-4.4||-3.5||-4.5|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Trade Balance Chart
Source: Central Statistical Office, Poland
|Bond Yield||3.60||0.0 %||Jun 13|
|Exchange Rate||114.6||-0.31 %||Jun 13|
|Stock Market||1,537||-0.44 %||Jun 13|
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June 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in May, contrasting the 0.7% increase registered in April.
June 6, 2019
At its 6 June monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for over one year.
May 31, 2019
The economy grew 2.5% in the first quarter of the year, according to a comprehensive estimate released by the Serbian Statistical Institute on 31 May.
May 31, 2019
Industrial production fell 0.8% year-on-year in April, up from the 2.8% contraction logged in March.
May 13, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.7% over the prior month in April, up from the 0.4% increase logged in March.