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Serbian Current Account Improves
As per seasonally adjusted data exports kept growing in November (+2.7% mom) after increasing in October by 0.8% mom, while imports fell by 4.5% yoy (Oct/12: +4.7% mom), Raiffeisen Research says.
Serbian Current Account Improves / Picture: © Vindobona.org
Foreign trade volumes grew in Jan_Nov/12 by 4.3% yoy to EUR 21.5 bn, supported by growing exports (+4.4% yoy) which came to EUR 8.1 bn and imports (+4.2% yoy) coming to EUR 13.4 bn. Trade deficit in Jan>Nov/12 widened further to EUR 5.3 bn (+3.8% yoy) reflecting on export_import ratio leveraging at 60.3% vs 60.2% same period last year.
The key export products in Nov/12: road…
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