Serbia's retail sales rise in October, GDP growth slows in Q3

Retail

Photo by maxbelchenko / Shutterstock.com

Serbia's retail sales increased by a real 4.0% year-on-year in October, after posting a 4.3% annual rise in the previous month, data released by the Belgrade-based Central Statistical Office (SORS) showed on Tuesday.

Month-on-month, retail sales edged down by a real 4.2% in October, following a 4.9% increase in the previous month, the office said in a statement.

Serbia's gross domestic product (GDP) expanded by an annual 7.7% in the third quarter of 2021, following a 13.7% advance in the previous three-month period, according to a separate report.

On a seasonally adjusted quarterly basis, the economy expanded 1.6%, the same pace as in the second quarter.

Data also showed, that Serbia's unemployment rate stood at 10.5% in the third quarter of 2021, down by 0.6 percentage point compared to the previous quarter.

A year earlier, the jobless rate was 9.8%.

The employment rate, meanwhile, increased to 50% in the Q3, up from 47.8% a year earlier. 

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.