Bosnia’s Federation industrial production rises 12% y/y in Nov 2013

By bne IntelliNews December 23, 2013

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.
 

Related Articles

World Bank loan aims to revitalise Republika Srpska's little-used railways

The World Bank said it is lending $51.3mn to Bosnia & Herzegovina’s smaller entity, Republika Srpska, ... more

Bosnia’s constitutional court allows policemen to keep their beards

The constitutional court of Bosnia & Herzegovina ruled on November 30 that a regulation obliging border policemen to shave their beards violates their ... more

Former Bosnian Croat military leader dies after taking poison in war crimes hearing

A former Bosnian Croat leader who has been sentenced to 20 years in jail by the war crimes tribunal at The Hague is reported to have died after ... more

Dismiss