Serbia: Industrial output rebounds in November
Industrial production rose 0.4% year on year in November, contrasting Octobers 0.1% contraction. This was driven by expansions in mining and quarrying as well as electricity, gas, steam and air conditioning supply. That said, manufacturing output contracted. Meanwhile, annual average industrial production growth inched down to 1.7% in November from 2.3% in October.
Lastly, industrial output expanded 0.40% on a monthly basis in November, down from Octobers 0.60% expansion.