household demand

Serbia’s Consumption Dynamics and External Economic Position

Serbia's domestic demand remains robust, driven by increasing wages, stable employment conditions, and accessible credit. While this consumption growth supports internal economic activity, it simultaneously reinforces the nation's reliance on imports rather than enhancing domestic production capabilities. Recent statistics indicate that industrial turnover in the domestic market rose by 4.7% year-on-year as of February 2026, underscoring the significant role of internal demand in economic performance. Although external demand is also strengthening, the domestic sector serves as a vital stabilizing factor…