Industrial production in Bosnia and Herzegovina slumped 4.7 percent year-on-year in July of 2019, after a 2.1 percent fall in the previous month. It was the ninth consecutive month of contraction and the steepest since April, as manufacturing output dropped faster (-6.1 percent vs -1.4 percent in June). In addition, mining & quarrying production fell (-0.6 percent from 4.9 percent) and electricity, gas, steam & air conditioning supply continued to decrease (-5.7 percent from -7.2 percent). On a monthly basis, industrial production rose 1.5 percent, recovering from a 1.3 percent decline in June. During the January to July period, industrial activity plunged 4.5 percent over the same period a year earlier. Industrial Production in Bosnia and Herzegovina averaged 2.44 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.