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Serbia: Industrial Production Shrinks
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…
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