The index of industrial production - the first among the series in Serbian economic statistics

The paper presents the methodology, data collection, dissemination and uses of the Index of Industrial Production for Serbia. The Index of Industrial Production for the entire industry is used in the analysis of industrial and labor productivity, but also as an indicator of current economic trends a...

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Bibliographic Details
Published in:Megatrend revija : međunarodni časopis za primenjenu ekonomiju 2011-01, Vol.8 (1), p.195-222
Main Authors: Stojanovic, Jelena Radovic, Deric, Nada
Format: Article
Language:English
Subjects:
Economic activity
Economic indicators
Economic statistics
Industrial production
Industrial productivity
Serbia
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Summary:The paper presents the methodology, data collection, dissemination and uses of the Index of Industrial Production for Serbia. The Index of Industrial Production for the entire industry is used in the analysis of industrial and labor productivity, but also as an indicator of current economic trends and as an indicator of the long-term trend in the Serbian economy. There are some possibilities of using the Index of Industrial Production as a cyclical coincident indicator in cyclical analysis, which is demonstrated in the paper. The changes in methodology of compilation of the Index over the past few years, and their impact on the coverage of the Index will be discussed. The Index of Industrial Production for the entire industry cannot be treated separately from indices of industrial production at lower aggregation levels (groups, branches and sections of industry), considering that the procedure for its calculation is based on those indices; therefore, those indices, the methodology of their compilation and the uses of indices will also be discussed in the paper. Reprinted by permission of Megatrend University, Belgrade, Serbia
ISSN:1820-3159