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Serbian Retail Sales Rise in April

Retail

Photo by maxbelchenko / Shutterstock.com

Retail sales in Serbia soared by 11.1% from the corresponding period of the previous year in April, to accelerate from 6.6% in March, data from the Central Statistical Office (RBS) showed on Friday.

Turnover rose the most for non-food products excluding fuel (14.7%). In the meantime, turnover growth was also high for automotive fuel in specialized stores (10.2%) and retail of food, beverages, and tobacco products (8.8%).

Another report from the Belgrade-based statistics agency showed, that the country's industrial production increased by 2.9% year-on-year in April, after expanding by an annual 5.8% in March.

Compared to March, seasonally adjusted data for April shows the same level of industrial production, with a 0.4% rise in manufacturing. Data from the statistics agency also showed, that Serbia's economy grew by 4.7% from a year earlier in the first quarter of 2024, slightly above preliminary estimates of 4.6%, and up from a 3.8% rise in the previous th ree-month period.

On a seasonally adjusted quarterly basis, the GDP increased by 0.8% in Q1, after an upwardly revised 1% rise in the previous quarter.

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