Serbia: Industrial production growth decelerates in February
April 3, 2017
In February, industrial production in Serbia expanded 1.7% from the same month a year earlier, coming in below the 2.8% increase recorded in January. Looking at the breakdown, both the mining and quarrying and the electricity, gas, steam and air conditioning sub-categories continued to contract in February, dragging on the result. In addition, growth in the manufacturing sector lost steam.
A sequential comparison showed that industrial production expanded by a seasonally-adjusted 1.7% in February, contrasting January’s steep 6.7% decline. Annual average growth in industrial production fell from 4.4% in January to 3.3% in February.