consumer spending

Serbia Retail Sales Grow 7.2% as Household Consumption Outpaces Industry

Serbia’s household consumption continued to expand strongly in 2026, with real retail turnover rising 7.2% in January-August while industrial production remained almost unchanged. Real retail sales increased 6.3% year on year in August, with higher spending recorded across food, beverages, fuel and other consumer categories. Food, beverages and tobacco sales increased by about 9% in real terms in August, while fuel turnover rose 6.2%. Non-food retail excluding fuel recorded a more moderate 2.8% real increase. In nominal terms, retail turnover…