Serbia: Industrial production decelerates slightly in March
May 6, 2016
In March, industrial production expanded 8.8% over the same month of the previous year. The print was down from the 14.0% increase tallied in the previous month. The reading reflected a deceleration in the manufacturing sector.
On a monthly basis, industrial production in March expanded 0.2% in seasonally-adjusted terms, which followed the 0.4% increase seen in February. As a result of the strong annual increases observed in the nine months up to March, the overall trend improved as annual average growth in industrial production increased from 10.7% in February to 11.5% in March, the highest level on record.
Author: Dirina Mançellari, Senior Economist