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.
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.
