GDP growth revised from 1.9 to 2.1 percent

BELGRADE The Statistical Office (RZS) has revised the real year-on-year GDP growth in the first quarter of 2013, in last year's prices, from 1.9 percent to 2.1 percent. At the same time while y-o-y exports increased by 10.8 percent, and imports contracted by 4.9 percent, the National Bank of Serbia (NBS) has said. GDP growth revised from 1.9 to 2.1 percent Official statistics for May 2013 indicate that industrial production contracted by 3.7 percent s-a and by 0.5 percent year-on-year. Within total industrial production, y-o-y growth was recorded for mining (10.0 percent), while manufacturing and electricity, gas and steam supply registered a fall of 1.1 percent and 1.3 percent, respectively, according to the statistics. Manufacturing declined by 6.3 percent, with the largest negative contribution to total industry coming from the production of food and metal products, and the strongest positive contribution from the production of petroleum products and base metals, the Statistical Office said. Retail trade turnover went down by 3.8 percent in real terms. According to the the Statistical Office's data, euro-denominated commodity exports declined by 10.6 percent and imports by 6.5 percent against April. Y-o-y, exports increased by 10.8 percent, while imports contracted by 4.9 percent. Tanjug

GDP growth revised from 1.9 to 2.1 percent

Official statistics for May 2013 indicate that industrial production contracted by 3.7 percent s-a and by 0.5 percent year-on-year.

Within total industrial production, y-o-y growth was recorded for mining (10.0 percent), while manufacturing and electricity, gas and steam supply registered a fall of 1.1 percent and 1.3 percent, respectively, according to the statistics.

Manufacturing declined by 6.3 percent, with the largest negative contribution to total industry coming from the production of food and metal products, and the strongest positive contribution from the production of petroleum products and base metals, the Statistical Office said.

Retail trade turnover went down by 3.8 percent in real terms.

According to the the Statistical Office's data, euro-denominated commodity exports declined by 10.6 percent and imports by 6.5 percent against April. Y-o-y, exports increased by 10.8 percent, while imports contracted by 4.9 percent.