Industrial production in Bosnia and Herzegovina dropped 7.5 percent year-on-year in January of 2019, following a 2.1 percent decrease in the previous month. It was the third straight monthly decline in industrial activity, as output continued to decrease for manufacturing (-5.7 percent from -1.9 percent in December), namely fabricated metal products, except machinery and equipment (-7.1 percent from -13.8 percent) and for mining & quarrying (-14.5 percent from -5.7 percent). In addition, production fell for electricity, gas, steam & air conditioning supply (-6.4 percent from 0.5 percent). On a monthly basis, industrial output went down 2.2 percent compared to a downwardly revised 2.4 fall in December. Industrial Production in Bosnia and Herzegovina averaged 2.71 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 3.50 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 3.20 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.