retail consumption

Retail Consumption in Serbia Shows Resilience Amid Industrial Slowdown

Serbia's retail sector has demonstrated notable resilience, even as the industrial landscape faces potential slowdowns. Recent data indicates that while export manufacturing is becoming increasingly inconsistent and external demand from the eurozone remains fragile, household spending continues to grow robustly. Factors such as wage increases, stable public-sector income, remittances, and consumer confidence in urban areas have all contributed to this trend. In March, retail turnover experienced a significant rise of 15.5% in nominal terms and 14.0% in real terms compared…