Serbia industrial output up 3% y/y in Jan-Aug 2011.

By bne IntelliNews October 3, 2011
Serbia's industrial output increased by 3% y/y in January-August 2011, the country's statistics office said. In August alone, industrial output saw a slight drop of 0.3% y/y as well as a decrease of 2.3% compared to the 2010 average. A drop of 1.6% y/y was registered in the manufacturing sector in August, while mining sector and the utilities sector marked an increase of 7.6% and 2.2%, respectively. A 6.2% annual decrease was registered in the production of durable consumer goods in August, while the output of energy dropped by 2.6% y/y. Intermediate goods, capital goods and non-durable consumer goods, on the other hand, rose by 0.4%, 1% and 1.6% y/y in August.

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