wage growth

Serbia’s Retail Sales Accelerate 8.2% as Household Consumption Drives 2026 Growth

Serbia’s retail sector recorded 8.2% real year-on-year growth in July, strengthening the role of household spending in the country’s 2026 economic expansion as industrial production continued to contract. Nominal retail turnover increased 9.5%, while cumulative sales for the first seven months were 7.3% higher in real terms and 9% higher nominally than during the same period a year earlier, according to Serbia’s Statistical Office. July’s real growth was almost twice the 4.3% increase recorded in June. Sales of food, beverages…