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A:
Annual inflation rate predicted at 1.8%
30 December 2014
Belgrade, 30 Dec 2014 –The Serbian Statistical Office stated today that according to estimates, the overall economic activities in 2014, measured by GDP and presented at constant prices, expressed real fall of 2.0% in relation to 2013.
Observed by activities, the growth of Gross value added (GVA) was noted for the sections: agriculture, forestry and fishing; information and communication; and transportation and storage.
The GVA fall was noted for the sections of: electricity, gas, steam and air conditioning supply; mining and quarrying; constructions; financial and insurance activities.
In 2014 industrial production recorded physical volume fall of 6.8%, which was mainly contributed by the section of electricity, gas, steam and air conditioning supply. Agricultural production in 2014 expressed physical volume growth of 1.5%.
The value of construction works carried out in 2014 recorded a fall of 4.1%. The retail trade turnover expressed real growth of 2.6%, while the wholesale trade turnover slightly decreased.
In 2014 the section of accommodation and food service activities expressed real fall of 0.2%, while the number of tourist overnight stays decreased by 7.0%.
The section of transportation and storage noted 24.7% physical volume growth and division of telecommunication recorded 1.6% growth.
The unemployment rate, which in the third quarter of 2014 equalled 17.6% is obtained from the Labour Force Survey.
Net salaries and wages in 2014 increased by 2.6% in nominal terms, and decreased by 0.3% in real terms when related to 2013.
Annual inflation rate was estimated to equal 1.8%, it is added in the statement.
The GVA fall was noted for the sections of: electricity, gas, steam and air conditioning supply; mining and quarrying; constructions; financial and insurance activities.
In 2014 industrial production recorded physical volume fall of 6.8%, which was mainly contributed by the section of electricity, gas, steam and air conditioning supply. Agricultural production in 2014 expressed physical volume growth of 1.5%.
The value of construction works carried out in 2014 recorded a fall of 4.1%. The retail trade turnover expressed real growth of 2.6%, while the wholesale trade turnover slightly decreased.
In 2014 the section of accommodation and food service activities expressed real fall of 0.2%, while the number of tourist overnight stays decreased by 7.0%.
The section of transportation and storage noted 24.7% physical volume growth and division of telecommunication recorded 1.6% growth.
The unemployment rate, which in the third quarter of 2014 equalled 17.6% is obtained from the Labour Force Survey.
Net salaries and wages in 2014 increased by 2.6% in nominal terms, and decreased by 0.3% in real terms when related to 2013.
Annual inflation rate was estimated to equal 1.8%, it is added in the statement.
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