Serbia: Growth in industrial production remains buoyant in June
August 1, 2015
In June, industrial production jumped 18.6% over the same month last year. The print followed the 17.7% expansion tallied in the previous month and marked an all-time high. The improvement was mainly due to faster growth in mining and quarrying as well as in electricity, gas, steam and air conditioning. Conversely, manufacturing output expanded at a slower pace in June.
On a monthly basis, industrial production in June declined 1.2% in seasonally-adjusted terms, contrasting May’s 6.3% rise. As a result of the strong annual increase, the overall trend improved as annual average growth in industrial production rose from minus 5.4% in May to minus 3.1% in June, the highest reading in 10 months.