wages

Serbia’s Household Spending Strengthens as Wages and Retail Sales Accelerate

Household demand became a stronger contributor to Serbia’s economic expansion in the first half of 2026, supported by rising real wages, retail turnover and private consumption. Real retail turnover increased 7.1% in January-June compared with the same period a year earlier. In the second quarter, retail sales were 5.7% higher year on year, with growth recorded across major product categories. Retail sales expand across key categories Fuel retailing recorded 7.6% real growth in the second quarter, while sales of non-food…