Serbia: Moderate Economic Growth in 2013

Serbia: Moderate Economic Growth in 2013 / Picture: © Vindobona.org

Real y-o-y GDP growth has been revised upwards for all three quarters of the year – from 2.7% to 3.0% in Q1, from 0.2% to 0.6% in Q2 and from 3.2% to 3.7% in Q3.

As indicated by the seasonally-adjusted data, November industrial production lost 2.0% m-o-m and gained 4.2% y-o-y. Manufacturing and electricity, gas and steam supply rose by 4.0% and 6.6%, respectively, while mining…