Serbia retail sales rise in March

Retail

Serbia's retail sales increased by a real 5.5% year-on-year in March, after posting a 2.8% annual rise in the previous month, data released by the Belgrade-based Central Statistical Office (SORS) show.

Sales advanced the most of automotive fuel by 17.9% followed by non-food products 5.9%. Month-on-month, retail sales went up by a real 10.5% in March, following a 1.3% decrease in the previous month.  

At current prices, March's retail sales increased by 6.8% on the year and grew by 11.7% on the month, according to the statistics agency. Separate data showed that Serbia's industrial production increased by 6.1% year-on-year in March, after growing by 1.9% in February.

On a seasonally-adjusted monthly comparison basis, the industrial output went up 6.0% in March after rising 9.7% a month earlier. 

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