National Bank of Serbia : Economic Activity and Foreign Trade

2013-01-31 16:16:54.0

Economic Activity and Foreign Trade

According to the flesh estimate of the Serbian Statistical Office, real GDP dropped 1.5% in Q4 2012. This implies a significant slowdown relative to Q3 when GDP lost 2.5% y-o-y.

In December, s-a industrial production rose 2.0% m-o-m or 0.7% y-o-y. In terms of structure, manufacturing gained 1.8% y-o-y. The sectors of mining and electricity, gas and steam supply slid 4.7% and 1.6% y-o-y respectively.

S-a manufacturing edged up 0.5% in December. The main impetus to total industry came from pharmaceuticals and petroleum products. In contrast, food production was the key negative contributor.
Y-o-y retail trade was 11.9% down in real terms in December.

As shown by s-a Statistical Office data, December saw a 2.3% decline in euro exports and a 7.2% rise in euro imports. In y-o-y terms, exports were up 7.5% and imports down 0.5%. Cars were the top exporting item for the third consecutive month, while oil took the lead in imports.

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