Sales of food, beverages and tobacco fell 2.3% (vs.-4.1% in July) and decreased of non-food products by 1.2% (vs.-2.2). On the other hand, sales of automotive fuels grew 0.3% (vs. -1.4%).
Month-on-month, retail sales rose by 0.5% in August after rising 5.2% in July.
At current prices, retail sales added 8.3% on the year and were 1.5% higher on the month. A separate report from the Belgrade-based statistics agency showed that Serbia's industrial production increased by 5.8% year-on-year in August, after expanding by an annual 2.7% in July.
Seasonally adjusted data for August compared to July show a 1.9% rise in industrial production, with a 1.2% increase in manufacturing.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
