Bosnia and Herzegovina Industrial Production Falls Sharply in November

Bosnia and Herzegovina’s industrial production declined 4.2% year-over-year in November 2025, following a revised 0.8% drop in October. It marked the steepest contraction since August, driven by lower output in consumer durables (-25.9% vs. -26.6% in October), energy (-6.6% vs. 12.9%), consumer non-durables (-6.2% vs. -6.4%), and intermediate goods (-4.9% vs. -5.9%). In contrast, capital goods production accelerated to 10.3% from 7.9% in the previous month. On a monthly basis, industrial production fell 3.5% in November, reversing a 3.1% gain in October.

Bosnia and Herzegovina’s industrial production decreased by 0.7% year-on-year in October 2025, easing from a 2.7% drop in the previous month. This was the fourth straight month of falling industrial activity, albeit at the slowest pace in the sequence, amid smaller declines in output for consumer durables (-26.4% vs -28.4% in September) and consumer non-durables (-7.2% vs -8.7%). At the same time, energy production rebounded significantly (12.9% vs -1.3%), and growth in capital goods accelerated (8.3% vs 4.1%). Conversely, output for intermediate goods fell more sharply (-5.4% vs -0.5%). On a seasonally adjusted monthly basis, industrial production rose by 3.2% in October, following a 2.4% gain in September.

Bosnia and Herzegovina’s industrial production fell by 2.7% year-on-year in September 2025, slowing from a 4.6% drop in the previous month. This marked the third consecutive month of decline but the softest in the sequence, as output decreased less for intermediate goods (-0.5% vs -1.1% in August), energy (-1.3% vs -11.8%), and consumer durable goods (-28.4% vs -31.5%). Conversely, production growth slowed for capital goods (4.1% vs 6.1%), while activity declined further for consumer non-durable goods (-8.7% vs -4.5%). On a seasonally adjusted monthly basis, industrial output rose by 2.4% in September, rebounding from a 3.3% fall in the preceding period.