Bosnia’s industrial output growth slows to 6.5% y/y in May 2013

By bne IntelliNews June 27, 2013

Bosnia’s working-day adjusted industrial production index rose 6.5% y/y in May 2013, weakening from the 10.2% increase the month before, as falling mining and quarrying and utilities output offset rising manufacturing production, the statistics institute said.

In monthly terms, seasonally-adjusted industrial output shrank 2.7% after inching up 2.3% m/m in April. In January-May, industrial production grew 7.4% y/y, reflecting low prior-year base and stronger external demand for manufacturing products and electricity.

Manufacturing output climbed 10.9% y/y in May, slowing from a 13.4% increase in April. The reading was supported by higher production of food, beverages, fabricated metal products, machinery and equipment, wood, wearing apparel and textile products. On the other hand, falling basic metals, coke and refined petroleum products, paper and tobacco products, pushed the overall manufacturing production down.

The mining and quarrying sector contraction deepened to 6.2% y/y in May from 0.4% in April mainly due to falling coal and lignite extraction.

The utilities sector also shrank 3.5% y/y in May following a 9.7% rise in April.

The industrial sector accounts for around 17% of Bosnia’s GDP, according to latest data from the statistics office.

Bosnia's industrial output, y/y,% Nov'12 Dec'12 Jan'13 Feb'13 Mar'13 Apr'13 May'13 Jan-May'13
Total -3.7 0.3 1.8 11.1 7.7 10.2 6.5 7.4
Intermediate goods -3.8 -1.7 1.5 15.7 -8.0 2.7 -0.2 1.4
Energy -11.0 2.6 3.1 8.5 11.8 10.5 -5.1 5.8
Capital goods 2.2 -7.9 46.6 28.2 18.9 5.3 37.3 25.5
Consumer durables 27.5 19.7 -24.0 7.6 44.2 -13.5 -4.2 -0.8
Consumer non-durables 7.1 -1.2 9.7 4.2 7.7 25.7 16.0 12.9
Miningn and quarrying -0.8 -8.0 -5.9 1.0 -13.4 -0.4 -6.2 -5.4
Manufacturing 0.1 -3.9 7.3 17.6 5.7 13.4 10.9 10.8
Electricity, gas, steam, and air conditioning supply -13.9 11.1 2.9 15.4 29.4 9.7 -3.5 10.8
Source: Statististical institute                
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