Serbia: Industrial Production Shrinks

BusinessEconomy ♦ Published: January 29, 2013; 17:03 ♦ (Vindobona)

Industry turned downside, after funds under the government subsidy program were spent, Raiffeisen Research reports.

Serbia: Industrial Production Shrinks / Picture: © Vindobona.org

Industrial production

"Industrial production was again in the negative zone as per seasonally adjusted mom data industry fell by 0.5% mom in November (Oct/12: +3.2% mom). The key industry – manufacturing – also fell by 0.1% mom after increasing by 3.7% mom in the month before. Total industrial production fell again in November by 3.4% yoy (Oct/12: +1.6% yoy). In Jan>Nov/12…