processing sector

Serbia’s industrial output hits 30-year high, driven by processing sector

In January 2024, Serbia witnessed a significant surge in industrial production, recording a remarkable 6.9% increase compared to the same month the previous year. This growth represents the highest volume of industrial output in the country over the past three decades, with the processing sector leading the industry's expansion, as reported in the March edition of Macroeconomic Analysis and Trends (MAT). Despite facing external challenges, Serbia experienced a continuous rise in merchandise exports in the previous year. Notably, the processing…