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Serbia: industrial production down 6.1% in June

Erste, it will gradually pick up in second half of 2019

31 July, 20:16
(ANSA) - BELGRADE, JULY 31 - The industrial production in Serbia decreased by 6.1% in June 2019 compared to the same month of 2018 and by 2.5% compared to last year average, the Serbian Statistical Office (Rzs) said today. Year-on-year, the manufacturing sector recorded a decrease of 7.7% of the production, mining and quarrying a fall of 2.7%, while the energy sector grew by 1.3% in June. The industrial production negative performance deepened in June from the -0.6% recorded in May, Erste Group Research said in an instant comment released today. "Serbia's industry remains in challenging position amid ongoing FCA drop in production," Erste added, noting however that "recent FDI inflows data show Serbia's is still very much appealing as an investment destination." "We expect production to gradually pick-up" in the second half of 2019, Erste Group Research forecasted. (ANSA).

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