Industrial production in Bosnia and Herzegovina dropped 2.1 percent year-on-year in June 2019, following a 4.0 percent decrease in the previous month. It was the eighth consecutive month of contraction but the softest since December 2018, as manufacturing output fell at a softer pace (-1.4 percent vs -4.0 percent in May) while mining and quarrying production rebounded (4.9 percent vs -9.0 percent). Meanwhile, electricity, gas, steam & air conditioning supply continued to fall (-7.2 percent vs -2.2 percent). On a monthly basis, industrial output dropped 1.4 percent, after increasing 2.0 percent in May. Industrial Production in Bosnia and Herzegovina averaged 2.49 percent from 2007 until 2019, reaching an all time high of 28.80 percent in December of 2008 and a record low of -17.90 percent in December of 2009.
Industrial Production in Bosnia and Herzegovina is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Bosnia and Herzegovina to stand at 2.50 in 12 months time. In the long-term, the Bosnia and Herzegovina Industrial Production is projected to trend around 2.70 percent in 2020, according to our econometric models.