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.

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