Serbia: Industrial production rebounds in July
August 30, 2019
Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June. July’s rebound was chiefly due to a sharp recovery in manufacturing output, whereas mining and quarrying production and gas, steam and air conditioning supply fell in the month.
On a month-on-month seasonally-adjusted basis, industrial production also rose 3.7% in July, contrasting June’s 1.3% drop. Meanwhile, annual average industrial production fell 1.6% in July, down from June’s 1.8% decline.
Author: Lindsey Ice, Economist