Serbia: Industrial production contracts in April
June 1, 2017
Industrial production contracted 2.6% from the same month a year earlier in April, contrasting March’s 0.9% expansion. A breakdown of the print shows that the energy and electricity, gas, steam and air conditioning sectors, along with the mining and quarrying sector, recorded steep losses while the manufacturing sector, for its part, was stable from a year earlier.
A sequential comparison showed that industrial production expanded by a seasonally-adjusted 0.7% in April from a month earlier, contrasting March’s revised 1.8% decline. Annual average growth in industrial production fell from 2.4% in March to 1.5% in April.
Author: Christopher Thomas, Economist