Serbia: Industrial production deteriorates in October
January 3, 2017
In October, industrial production in Serbia expanded 3.2% from the same month of last year, coming in below the 5.3% increase seen in September. The figure mainly reflected a deceleration in the manufacturing sector, while growth in the mining and quarrying sector improved from the previous month.
On a monthly basis, industrial production contracted 0.9% in seasonally adjusted terms, contrasting September’s 0.3% increase. The figure was the lowest in five months. Finally, annual average growth in industrial production decreased from 6.7% in September to 6.3% in October.
Author: Dirina Mançellari, Senior Economist