Bosnia’s Serb Republic industrial output swings to 4.1% growth in 2013

By bne IntelliNews January 22, 2014

Bosnia’s Serb Republic working-day adjusted industrial production index increased 4.1% in 2013 after declining 4.2% the year before, as all three sectors (mining and quarrying, manufacturing and utilities) recorded positive growth over the period, the entity’s statistics office said in a statement. The utilities output rose 1.8% last year, helped by favorable weather conditions in early 2013. The manufacturing sector expanded 4.2% on the back of higher wood, chemicals, pharmaceuticals, coke and refined petroleum products, machinery and equipment, fabricated metal products and food production. The mining and quarrying sector grew 4.4% over the period thanks to rising coal and lignite and metal ores extraction.

In December alone, the industrial output growth eased to 3.4% y/y from 5.7% the month before, due to declining utilities production. In monthly terms, the seasonally-adjusted industrial production inched up 0.2% in December braking from a 2.3% m/m rise in November.

The manufacturing output growth eased to 2.6% y/y in December from 10.6% y/y the month before. Falling basic metals and pharmaceutical output partly offset higher production of food, leather, wood, coke and refined petroleum products, chemicals, fabricated metal products and machinery and equipment.

The mining and quarrying sector's output jumped by 40% y/y in December following a 9.9% y/y contraction the month before, lifted by higher coal and lignite, metal ores and other mining and quarrying output.

The utilities swung to a 9.1% y/y drop in December after edging up 0.7% y/y in November.

The Serb Republic together with the Federation makes up Bosnia. Industry accounted for around 20% of the entity’s gross value-added in 2012.

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