Serbian town in the winter

Serbia Industrial production March 2023

Serbia: Industrial output growth eases in March

Industrial output increased 0.9% compared to the same month a year earlier in March, below February’s 1.9% increase. In March, a sharp expansion in electricity, gas, steam and air conditioning supply more than offset contractions in mining and manufacturing.

On a monthly basis, industrial output increased 1.5% in seasonally adjusted terms in March. Meanwhile, annual average growth of industrial production came in at minus 3.5% in March, below February’s minus 2.9%.

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