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.
Political uncertainty remains the main risk to Bosnia & Herzegovina’s medium-term outlook as the lack of agreement between entities could delay reforms, the World Bank said in the ... more
Royal Dutch Shell is again interested in oil and gas exploration in Bosnia & Herzegovina ... more
The prosecution of Bosnia & Herzegovina’s Sarajevo canton formally indicted former interior minister Alija Delimustafic and 37 other individuals, as well as eight legal entities in a large ... more