Serbia: Industrial output declines in rebounds in March
Industrial output jumped 7.7% year on year in March, swinging from February’s 0.7% contraction. The reading came on the back of firming manufacturing output. Mining and quarrying output growth moderated slightly, while energy production continued to contract.
On a monthly basis, industrial output eased to a 4.4% expansion in March from a 5.0% increase in February. Lastly, annual average industrial production growth rose to 5.5% in March from 5.4% in February.