Serbia: Industrial production picks up in March
April 28, 2017
Industrial production expanded 0.9% from the same month a year earlier in March, contrasting February’s 1.7% contraction. A breakdown of the print shows that the manufacturing sector recorded robust gains, while contractions in the mining and quarrying and electricity, gas, steam and air conditioning sectors significantly worsened in March and dragged on the result.
A sequential comparison showed that industrial production contracted by a seasonally-adjusted 1.8% in March from a month earlier, contrasting February’s revised 2.4% rise (previously reported: +1.7% month-on-month). Annual average growth in industrial production fell from 3.0% in February to 2.4% in March.
Author: Christopher Thomas, Economist