Industrial production in Bosnia and Herzegovina increased 1 percent year-on-year in September of 2018, recovering from a 2.5 percent drop in the previous month. Output rebounded for manufacturing (0.5 percent from -5.9 percent in August) and mining and quarrying (1 percent from -2.9 percent). Meanwhile, production rose at a softer pace for electricity, gas, steam & air conditioning (5.7 percent from 9.9 percent). On a monthly basis, industrial activity went up 2.4 percent, after a 4.1 percent decrease in August. Industrial Production in Bosnia and Herzegovina averaged 2.86 percent from 2007 until 2018, 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 3.80 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 3.30 in 12 months time. In the long-term, the Bosnia and Herzegovina Industrial Production is projected to trend around 2.90 percent in 2020, according to our econometric models.