Serbian Industrial Production Still Shrinks

Business › Economy ♦ Published: September 27, 2012; 23:34 ♦ (Vindobona)

According to Raiffeisen Research, the crisis in the industrial sector goes on. Real wages are shrinking.

Serbian Industrial Production Still Shrinks / Picture: © Vindobona.org

Negative industry tone persisted in July as per seasonally adjusted mom data industry fell by 1.1% mom (June: '1.3% mom). Due to draught, thermal plants substituted electricity production of the hydropower plants delivering huge growth in mining and quarrying (+19.4% yoy) and supporting unchanged industrial production growth in annual terms (; 4.0% yoy) vs last month. Yet, the key…

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