Industrial production in Bosnia and Herzegovina increased 2.3 percent year-on-year in October 2018, following an upwardly revised 1.1 percent rise in the previous month. Output rose faster for electricity, gas, steam and air conditioning supply (8.8 percent from 5.7 percent in September) and mining and quarrying (10.9 percent from 1 percent). On the other hand, manufacturing production fell 1.7 percent, after a 0.6 percent gain in the prior month. On a monthly basis, industrial activity went up 1.4 percent, easing from a 2.4 percent advance in September. Industrial Production in Bosnia and Herzegovina averaged 2.84 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.