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Serbia's retail sales rise in August

Retail

Serbia's retail sales increased by a real 7.7% year-on-year in August, after posting an 11.1% annual rise in the previous month, data released by the Belgrade-based Central Statistical Office (SORS), showed on Thursday.

Retail sales of automotive fuel rose the most by 11.8% annually in August, followed by sales of non-food products by 6.8% and food, beverages and tobacco by 6.3%.

On month-on-month, retail sales edged down by a real 0.9% in August, following a 1.8% increase in the previous month. At current prices, August's retail sales increased by 14.3% on the year and grew by 0.1% on the month.

In a separate statement, the statistics agency said that Serbia's industrial production edged up by 0.1% year-on-year in August, after growing by 1.7% in July.

On a seasonally-adjusted monthly comparison basis, the industrial output went up 6.9% in August after rising 1.0% a month earlier. 

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