Bosnia’s Serb Republic industrial output increases 9.4% y/y in April 2013.

By bne IntelliNews May 22, 2013

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. 

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