Serbia: Industrial production decelerates in April
Latest reading: Industrial production rose 3.4% in annual terms in April, following a 6.4% rise in the previous month.
Relative to the prior month’s data, the reading for manufacturing softened in April (+5.5% in annual terms vs +8.1% in March). In contrast, readings improved for mining and quarrying (+4.8% vs +1.2% in March).
In seasonally adjusted month-on-month terms, industrial production was down 3.2% in April, following a 6.1% rise in the previous month.