Industrial production in Bosnia and Herzegovina declined 4.9 percent year-on-year in November 2019, less than a 10.4 percent slump in the previous month. Output fell at a softer manufacturing (-5.4 percent vs -9.5 percent in October); electricity, gas, steam & air conditioning supply (-2.7 percent vs -9.9 percent) and mining & quarrying (-4.0 percent vs -17.1 percent). On a monthly basis, industrial production went up 2.6 percent, rebounding from a 1.5 percent drop in October. Industrial Production in Bosnia and Herzegovina averaged 2.19 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 -3.80 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 2.70 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.