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                
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  4. Russia’s war economy boosted by rising oil prices
    8 days ago
  5. Poland’s Orlen paid $400mn to scammers for oil that never arrived
    12 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss