Bosnia’s Serb Republic working-day adjusted industrial production rose 9.4% y/y in April 2013, swinging from a 2.4% y/y drop the month before, as all three sectors’ (mining, manufacturing and utilities) output increased, the Republic’s statistics office said. The seasonally adjusted industrial production index climbed 8.8% m/m in April after contracting 3.1% m/m a month earlier.
April’s manufacturing output rose 9.1% y/y, climbing from 1.9% y/y the month before. The reading was underpinned by rising food (up 28.8% y/y), coke and refined petroleum (up 220.6%), leather (up 106.5%) and fabricated metal products (up 17.8%).
The mining and quarrying sector’s output turned to a 6.3% annual growth in April after contracting 22.7% y/y in March (low prior-year base played a role) due to higher coal and lignite and metal ores extraction.
The utilities sector (around 24% of industrial output basket) went up 7.6% y/y in April, slowing from a 9.1% y/y increase the month before.
The Serb Republic together with the Federation makes Bosnia. Industry accounted for around 20% of the entity’s gross value added in 2012.
Bosnian auto supplier Prevent is preparing to file a €2bn claim for damages against Volkswagen (VW) with a German court ... more
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