Serbia: Industrial production loses momentum in May
Latest reading: Industrial production rose 0.3% on a year-on-year basis in May, following a 3.4% increase in the previous month.
Relative to the previous month’s data, readings in May worsened for manufacturing (+1.6% in annual terms vs +5.5% in April) and mining and quarrying (+3.0% vs +4.8% in April). In contrast, readings improved for
In seasonally adjusted month-on-month terms, industrial production declined 1.7% in May, following a 3.0% fall in the prior month.