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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SerbiaSerbia Building Permits climbed to 3,511 in October 2025
FMPMonthlyReleased December 2025
Serbia Building Permits climbed to 3,511 in October 2025, released December 2025, up 550 from September's 2,961 reading. The print exceeded the 3,000 consensus by 511. Building Permits has now risen for 6 consecutive months. Over the past 3 months, Building Permits averaged 2,751.5, vs 2,386.67 in the prior 3-month window. Building Permits is now the highest in 11 months.
Latest Release
3511
Actual
3000
Consensus
2961
Previous
Median Absolute Error
±293.25
across last 12 releases
Last Call
Dec 2025
Predicted: 3,000
Actual: 3,511
Error: -511
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.73 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.54 | CRYPTO | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.37 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.32 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Building Permits (Serbia) was reported at 2,329.00 in July 2026. The reading fell from the previous value of 2,416.00. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 2,600.27, ranging from 1,604.00 to 3,511.00 across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 2,459.67, up from the prior three at 2,425.33. Volatility over the past year (σ 451.70) is lower than the prior year (σ 512.96). In July readings over the past 3 years, Building Permits has averaged 2,338.67.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 293.25.
WHAT TO WATCH NEXT
The next release is scheduled for August 14, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Building Permits - RS
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About Building Permits — Serbia
DEFINITION
Building Permits is a key financial indicator that measures the number of permits issued by local governments for new construction projects. This indicator provides valuable insight into the health of the construction industry and the overall state of the economy. A high number of building permits indicates a strong demand for new construction, which can stimulate economic growth and job creation. On the other hand, a decline in building permits may signal a slowdown in the construction sector and a potential economic downturn. As such, Building Permits is closely monitored by investors, policymakers, and analysts as a reliable gauge of economic activity and future market trends.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 2,329. Prior reading (Apr 2026): 2,416. Before that (Mar 2026): 2,634.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.73) — a useful reference for index-focused traders.
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