Serbia: Industrial production improves in February
March 1, 2016
In February, industrial production expanded 14.0% over the same month of the previous year. The print was up from the 8.3% increase tallied in the previous month. The reading reflected improvements in all components, with mining and quarrying marking the fastest acceleration.
On a monthly basis, industrial production in February expanded 0.2% in seasonally-adjusted terms, which contrasted the 6.5% decrease seen in January. As a result of the strong annual increases observed in the eight months up to February, the overall trend improved as annual average growth in industrial production increased from 9.3% in January to 10.7% in February, the highest level on record.
Author: Dirina Mançellari, Senior Economist