Serbia: Industrial output bounces back in April
Industrial output increased 2.9% in year-on-year terms in April, which contrasted March’s 5.8% decrease. The improvement was chiefly driven by a rebound in manufacturing production.
Meanwhile, annual average industrial production growth rose to 1.1% in April (March: +0.8%), which marked an over two-year high. On a monthly basis, industrial production was stable in seasonally adjusted terms in April, which was significantly better than March’s 4.2% fall