Bosnia's industrial production increases 6.7% y/y in 2013

By bne IntelliNews January 29, 2014

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, statistics office data showed. The utilities output grew 5.6% in 2013 and the manufacturing sector rose 9.5%. The mining and quarrying sector contracted 4.0% over the period.

In December alone, the industrial output growth slowed to 6.0% y/y from 10.0% the month before, due to falling utilities sector production. In monthly terms, the seasonally-adjusted industrial output went down 1.3% in December after increasing 2.4% in November.

The manufacturing output growth strengthened to 16.4% y/y in December from 12.3% y/y the month before. The reading was underpinned by higher production of food, textile, leather, wearing apparel, chemicals, coke and refined petroleum products, fabricated metal products and non-metallic mineral products.

The mining and quarrying sector expanded by 15.6% y/y in December after declining 5.1% y/y the month before lifted by rising coal and lignite, metal ores and other mining and quarrying output.

The utilities sector swung to a 15.9% annual contraction in December from a 10.5% y/y hike in November, pushing the overall index down.

Bosnia’s industrial output accounts for around 16% of Bosnia’s GDP, according to latest data from the statistics office.

Related Articles

Bosnian auto supplier Prevent to file €2bn claim against Volkswagen

Bosnian auto supplier Prevent is preparing to file a €2bn claim for damages against Volkswagen (VW) with a German court ... more

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Russian Night Wolves defy ban to enter Bosnia

Members of Russia’s nationalistic motorcycle club the Night Wolves entered Bosnia & Herzegovina late on March 20 despite a ban ... more