Based on the flash estimate of the Serbian Statistical Office, Serbia’s real GDP fell 1.9% y-o-y in Q1 2015.
S-a data indicate that industrial production picked up in March by 2.0% m-o-m, but went down by 0.2% y-o-y. Looking at the structure of industrial production in y-o-y terms, mining slumped by 16.3% and electricity, gas and steam supply by 10.8%, while manufacturing gained 5.4%.
M-o-m, manufacturing went up by 2.5% s-a in March. Within manufacturing, the largest positive contributor to total industry was the production of petroleum products, while a key drag was the production of motor vehicles.
Real retail trade turnover in March was down by 5.1% y-o-y.
Y-o-y, euro commodity exports and imports gained 5.6% and 13.1%, respectively. In s-a terms, exports rose 2.2%, while imports declined 1.1% in March.
Source; NBS
