Serbia's Retail Sales Growth Accelerates in January

Retail

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Serbia's retail sales increased by a real 1.8% year-on-year in January after recording a 0.2% fall in December, the Belgrade-based Central Statistical Office (RBS) said on Tuesday.

On year, retail trade of automotive fuel increased 14.3% and retail sales, except for motor vehicles and motorcycles, added 1.8% in January.

Meanwhile, sales of food, beverages and tobacco fell by 1.7% and sales of non-food products decreased by 0.5%. On month, retail sales went down by 20.6% in January, following an 8% increase in December.

At current prices, January retail sales added 18.4% on the year and were 20.2% higher on the month. In a separate statement, the statistics agency said that industrial production in Serbia rose by 4.1% year-on-year in January, accelerating from a 1.8% increase in the previous month, mainly boosted by mining & quarrying and utilities.

On a seasonally adjusted monthly basis, industrial production shrank by 2.1% in January, after a 2.8% rise in the prior month.

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