Serbian Retail Trade Slows in November

Retail

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Serbia's retail sales increased by a real 1.3% year-on-year in November after recording a 5% annual rise in October, the Central Statistical Office (RBS) said on December 29.

Sales of food, beverages, and tobacco decreased 0.6% and the same for non-food products went down by 0.1%.

Meantime retail trade of automotive fuel grow by 8.8%.

On a monthly basis, retail sales went down by 5% in November, following a 4.1% increase in October, the Belgrade-based agency said.

At current prices, November retail sales added 19.5% on the year and were 3.9% lower on the month.

Another report from the statistics agency showed that Serbia's average net wage fell by a real 0.8% year-on-year in October, following a 0.9% annual increase the month before.

On a monthly comparison basis, the average net wage went down by 1.4% in real terms in October, after falling by 1.9% in September. In nominal terms, the average net wage totaled RSD 75,353 (EUR 640) in October.

Median net salaries and wages amounted to RSD 57,810 (EUR 493), meaning that 50% of employees realized wages and salaries up to the mentioned amount.

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