GDP declines 1.3 percent in first quarter of 2012

The Statistical Office on Friday said that Serbia’s GDP in the first quarter of 2012 dropped 1.3 percent in real terms, compared with the same period last year.

Izvor: Tanjug

Friday, 29.06.2012.

17:44

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The Statistical Office on Friday said that Serbia’s GDP in the first quarter of 2012 dropped 1.3 percent in real terms, compared with the same period last year. Observed by activities, the largest growth in real terms was recorded in the construction sector (7.8 percent) and the information and communication sector (7.4 percent). GDP declines 1.3 percent in first quarter of 2012 The greatest fall was recorded in transportation (5.1 percent), supply of electricity, gas and steam (3.4 percent), trade (3.2 percent) and the processing industry (3.1 percent). A seasonal adjustment of data shows a 0.2 percent drop in GDP in the first quarter of 2012, against the previous quarter, the statement adds. Tanjug

GDP declines 1.3 percent in first quarter of 2012

The greatest fall was recorded in transportation (5.1 percent), supply of electricity, gas and steam (3.4 percent), trade (3.2 percent) and the processing industry (3.1 percent).

A seasonal adjustment of data shows a 0.2 percent drop in GDP in the first quarter of 2012, against the previous quarter, the statement adds.

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