consumption economy

Serbia Economy Expands on Consumption and Services as Investment Momentum Lags

Serbia’s economic activity in Q1 2026 shows a pattern of moderate expansion driven primarily by households and services, while investment and industrial output remain comparatively subdued. GDP increased by 3.2%, supported by private consumption growth of 4.9%, government consumption growth of 5.1%, and export growth of 4.6%. Fixed investment rose only 1.4% over the same period. Services excluding trade contributed 2.1 percentage points to overall GDP growth, while construction declined 5.1% and industrial output fell 0.8%, indicating uneven sectoral performance…