Serbian retail sales rise in February

Retail

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Serbia's retail sales increased by a real 7.7% year-on-year in February, after recording a 4.3% annual rise in the previous month, data from the Central Statistical Office (SORS) showed on Thursday.

On a yearly basis, sales of non-food products (except for automotive fuel) increased the most by 13%, while retail trade of automotive fuel rose by 10.3% and retail sales of food, beverages and tobacco added 2.5% in February.

Month-on-month, retail sales went up by 1.6% in February, following a 22.3% drop in January. In a separate statement, the Belgrade-based agency said that Serbia's industrial output decreased by 0.7% year-on-year in February after falling by 2.6% the month before.

On a seasonally-adjusted monthly comparison basis, the industrial output went up by 4.9% in February after a 3.4% decrease in January.

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