Bosnia's working-day adjusted industrial production grew 3.9% y/y in January 2014, easing from a 6.0% y/y rise in December 2013, due to a fall in the utilities sector and a slower increase in mining and manufacturing sectors output, the country’s statistics office said in a statement. In monthly terms, the seasonally-adjusted industrial output swung to a 1.0% growth in January, from a revised 1.1% m/m contraction in December.
The manufacturing output growth weakened to 8.7% y/y in January from a revised 14.2% y/y the month before. The reading continues to be underpinned by higher production of chemicals, beverages, textile, wood, wearing apparel, coke and refined petroleum products, fabricated metal products, albeit growing at a slower pace than in December. In addition, falling food and computer, electronic and optical products curbed the overall index growth in January.
The mining and quarrying sector increased by 1.4% y/y in January, cooling from a revised 15.3% annual expansion the month before, dragged down by shrinking other mining and quarrying output.
The utilities sector declined for a second straight month in January, falling by 8.3% y/y following a revised 15.6% y/y contraction in December.
Bosnia's working-day adjusted industrial production index grew 6.7% in 2013 after contracting 5.2% the year before, on the back of higher manufacturing and electricity output which offset a decline in the mining and quarrying sector.
The country’s industrial output accounts for around 16% of Bosnia’s GDP, according to latest data from the statistics office.
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 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
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