Bosnia’s industrial output growth eases to 5.1% y/y in June 2013

By bne IntelliNews July 29, 2013

Bosnia’s working-day adjusted industrial production index rose 5.1% y/y in June, slowing down from May's 6.5% y/y increase as falling mining and quarrying output partially offset rising manufacturing and utilities production, the statistics institute said.

In monthly terms, the seasonally-adjusted industrial output shrank 1.9%, improving from a 2.5% monthly decline in May. In January-June, industrial production grew 7.0% y/y.

Manufacturing output rose 8.5% y/y in June, cooling from the 10.9% increase in May, on the back of higher production of food, fabricated metal products, machinery and equipment, chemicals, wearing apparel and textile products. On the other hand, falling basic metals and coke and refined petroleum products dented the overall manufacturing production growth.

The mining and quarrying sector contraction deepened to 20.5% y/y in June from 6.2% in May mainly due to falling coal and lignite extraction.

The utilities sector also swung to a 4.6% y/y growth in June after dropping 3.5% y/y in May.

Bosnia’s industrial output will likely swing to a 3.0% growth in 2013 from a 5.9% contraction the year before, according to the country’s central bank. The sector accounts for around 16% of Bosnia’s GDP, according to latest data from the statistics office.

Bosnia's industrial output, y/y,% Dec'12 Jan'13 Feb'13 Mar'13 Apr'13 May'13 Jun'13 Jan-Jun'13
Total 0.3 1.5 11.2 8.0 10.0 6.5 5.1 7.0
Intermediate goods -1.7 1.2 15.8 -7.7 2.4 -0.2 3.9 1.8
Energy 2.6 2.8 8.6 12.0 10.4 -5.1 -7.4 3.8
Capital goods -7.9 46.6 28.1 18.9 5.4 37.2 27.2 25.8
Consumer durables 19.7 -24.1 7.6 44.2 -13.5 -4.3 -10.0 -2.4
Consumer non-durables -1.2 9.8 4.2 7.7 25.7 16.0 9.8 12.3
Mining and quarrying -8.0 -5.8 1.0 -13.4 -0.6 -6.2 -20.5 -8.2
Manufacturing -3.9 7.3 17.6 5.7 13.5 10.9 8.5 10.4
Electricity, gas, steam, and air conditioning supply 11.1 2.9 15.4 29.5 9.6 -3.5 4.6 9.9
Source: Statististical institute                

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