Bosnia’s Federation working-day adjusted industrial production index rose 11.9% y/y in November 2013, quickening from a 11.0% y/y hike in October due to stronger increase of manufacturing and utilities output, the entity’s statistics office said in a statement on December 20.
The seasonally-adjusted industrial output went up 2.5% m/m in November after increasing 1.1% m/m in October. In January-November, the industrial production grew 7.4% y/y.
The mining and quarrying sector swung to a 1.6% y/y decline in November from a 2.5% y/y hike the month before, dragged down by falling metal ores and other mining and quarrying output.
However, the manufacturing sector’s production growth strengthened to 13.1% y/y in November from a 11.7% y/y increase in the previous month. The growth was supported by higher external demand for fabricated metal products, machinery and equipment, chemicals, wood, tobacco and textile.
The Federation’s utilities output climbed 15.9% y/y in November, quickening from a 14.3% y/y rise in October.
In 2012, Bosnia’s Federation industrial output dropped 4.3% after increasing 2.5% in 2011 as all three sectors (manufacturing, mining and utilities) contracted. The industrial sector accounts for around 23% of Bosnia’s Federation gross value-added. The Federation together with the Serb Republic makes up Bosnia and Herzegovina and contributes for 64% of Bosnia’s GDP.
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