Serbian Industrial Production Declines

BusinessEconomy ♦ Published: September 7, 2012; 07:57 ♦ (Vindobona)

In June, Serbia´s industrial production fell by 4.0% against 2011. The outlook is not promising, RCB says.

Serbian Industrial Production Declines / Picture: ©

Downbeat May’s industry mood (-0.9% mom) was confirmed in June as per seasonally adjusted mom data industry fell by 1.3% mom in June. Consequently, annual data were in the negative territory again with June’s fall of 4.0% yoy. Reading for the key industry, manufacturing was confirmed as well, as per seasonally adjusted mom data manufacturing fell by 1.9% mom (May/12: -1.4%…