trade sector

Household Consumption and Wage Growth Drive Serbia’s Q1 2026 Expansion

In Q1 2026, Serbia recorded a 4.9% year-on-year increase in private consumption, which contributed 2.9 percentage points to overall GDP growth. During the same period, retail turnover rose 9.3% in current prices and 8.6% in constant prices, exceeding growth rates in industrial production and construction and aligning with the acceleration in quarterly GDP performance. Wage growth supports purchasing power The average net wage in Q1 2026 reached RSD 118,736, reflecting an 11.7% nominal increase and an 8.8% real increase compared…