consumer economy

Serbia Wage Growth Fuels Consumer Spending While Raising Business Costs

Serbia recorded strong wage growth in the first quarter of 2026, supporting household spending and domestic demand while increasing labour costs across multiple sectors of the economy. Average net wages reached RSD 118,736 during Q1 2026, representing an increase of 11.7% in nominal terms and 8.8% in real terms compared with the same period a year earlier. In March 2026, the average net wage rose to approximately €1,036, up 12.4% from March 2025. Public-sector employees earned an average net wage…