Serbia: Industrial production improves in August
September 30, 2016
In August, industrial production expanded 5.1% over the same month of last year, coming in above the 0.7% increase seen in July. The figure reflected an acceleration in two of the three components of the index, including a strong rebound in the electricity, gas, steam and air conditioning component.
On a monthly basis, industrial production decelerated from a revised 1.3% growth in July (previously reported: +1.4 month-on-month) to a soft 0.5% expansion in August. Finally, annual average growth in industrial production decreased from 8.0% in July to 7.4% in August, the lowest reading since November 2015.