The benchmark interest rate in Serbia was last recorded at 5.75 percent. This dataset provides - Serbia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Plumbing, heating and air conditioning installation revenue is forecast to grow at a compound annual rate of 2.2% over the five years through 2025 to €273.6 billion. The revenue of plumbing and HVAC contractors is closely tied to construction sector cycles and generally aligns with broader economic and investment trends. Since the pandemic, weak economic conditions, highlighted by rampant inflation and supply chain disruptions, have driven up construction material costs, squeezing investment budgets, particularly in the commercial market, as customers aim to conserve cash. Also, persistent inflationary pressures have further constrained revenue opportunities as central banks have raised base rates, leading to increased borrowing costs and further restricting new investments in construction. In 2024, inflated interest rates are expected to continue to weigh on the housing market, contributing to weaker house prices and hindering demand from residential property developers. Nonetheless, demand from infrastructure construction and utility companies will remain resilient due to the essential nature of plumbing and HVAC systems. This will also keep demand for repair and maintenance services from the commercial market fairly strong, especially where these systems are business-critical. In 2025, although inflation is easing and central banks are reducing interest rates, economic uncertainty persists due to ongoing supply chain issues that continue to drive up construction project costs, limiting revenue potential for industry contractors. Despite these challenges, the push for building decarbonisation is creating significant income opportunities for heat pump installers. Revenue is forecast to increase by 2.5% in 2025. Over the five years through 2030, revenue is forecast to expand at a compound annual rate of 6.4% to €372.6 billion. Easing inflationary pressures will translate into recovering economic sentiment, supporting renewed demand from commercial and residential clients alike. Continue public investment into infrastructure projects and public buildings, like schools and hospitals, will also support demand for plumbing and HVAC installation services. The provision of repair and maintenance services is also slated to remain healthy. Driven by the EU Green Deal’s targets, HVAC companies will continue to innovate their services, providing more energy-efficient solutions.