Bosnia and Herzegovina Industrial Production2021 Data | 2022 Forecast

Industrial production in Bosnia and Herzegovina rose 9.1 year-on-year in August of 2021, slowing from a 10.5 percent advance in the previous month. It was the weakest growth in industrial output since February, as output slowed for manufactured products (11.6 percent vs 13.2 percent in July); and electricity, gas, steam & air conditioning supply (5.3 percent vs 6.6 percent). Also, production declined for mining & quarrying (-0.8 percent vs 4.2 percent). On a seasonally adjusted monthly basis, industrial production dropped 1.4 percent, after a 3 percent fall in July.

Industrial production in Bosnia and Herzegovina advanced 10.5 percent from last year in July of 2021, easing from an 18.0 percent jump in the prior month. It was the weakest growth in industrial output since February, as output slowed for mining & quarrying (4.2 percent vs 8.4 percent in June), manufactured products (13.2 percent vs 17.6 percent), and electricity, gas, steam & air conditioning supply (6.6 percent vs 21.4 percent). On a seasonally adjusted monthly basis, industrial production declined 2.9 percent, after a 3.7 percent gain in the prior month.

Industrial production in Bosnia and Herzegovina advanced 18.0 percent from last year in June of 2021, following a 15.2 percent rise in the prior month. Industrial production rebounded for mining & quarrying (8.4 percent vs -5.1 percent in May), as production surged for mining of metal ores (59.3 percent vs -4.2 percent) and rose for electricity, gas, steam & air conditioning supply (21.4 percent vs 19.4 percent). Output was also higher in manufacturing (17.6 percent vs 16.9 percent), mainly due to rise in manufacture of tobacco products (127.0 percent vs -39.3 percent); manufacture of food products (11.3 percent vs -4.4 percent); and manufacture of textiles (58.6 percent vs -4.6 percent). On a seasonally adjusted monthly basis, industrial production went up 3.7 percent, after a 3.7 percent decline in May.

Industrial production in Bosnia and Herzegovina jumped 15.2 percent from last year in May of 2021, following a 25.5 percent surge in the previous month. It was the second highest reading since December of 2008, mostly supported by manufacturing (16.9 percent vs 33.5 percent in April), as production soared for fabricated metal products, except machinery & equipment (44.7 percent vs -62.2 percent); for furniture (43.0 percent vs 141.9 percent); and rubber & plastic products (18.3 percent vs 43.2 percent). Output was also higher in electricity, gas, steam & air conditioning supply (19.4 percent vs 24.8 percent), and fell at a slower pace in mining & quarrying (-5.1 percent vs -14.5 percent). On a seasonally adjusted monthly basis, industrial production fell 3.7 percent, after a 1.3 percent gain in April. Considering the first five months of the year, industrial output advanced 12.2 percent on an annual basis.