Serbia: Industrial production deteriorates in November
January 9, 2017
In November, industrial production in Serbia expanded 1.3% from the same month of the previous year, coming in below the 3.2% increase seen in October. The figure mainly reflected a deceleration in the mining and quarrying sector, while growth in the manufacturing sector improved.
On a monthly basis, industrial production contracted 1.3% in seasonally adjusted terms, following October’s 0.4% decrease. The figure was the lowest in six months. Finally, annual average growth in industrial production decreased from 6.3% in October to 5.4% in November.
Author: Dirina Mançellari, Senior Economist