Serbia: Industrial production slows slightly in December
February 3, 2016
In December, industrial production expanded 11.0% over the same month of the previous year. The print was slightly down from the 11.7% increase tallied in the previous month. The reading mainly reflected a slowdown in manufacturing.
On a monthly basis, industrial production in December expanded 0.6% in seasonally-adjusted terms, which was a deterioration over the 2.1% increase seen in November. As a result of the strong annual increases observed in the eight months up to December, the overall trend improved as annual average growth in industrial production increased from 7.0% in November to 8.4% in December, the highest level on record.
Author: Dirina Mançellari, Senior Economist