BIH: INDUSTRIAL PRODUCTION IN BOTH ENTITIES RECORDS AN ANNUAL FALL

SARAJEVO, APRIL 26 (ONASA) – Industrial production in both entities of Bosnia and Herzegovina in March fell on an annual basis.
In the Federation of Bosnia and Herzegovina, industrial production at the annual level has been in decline since the beginning of the year, while at the monthly level, after the decline in January, growth was recorded in the following two months.
In the Republika Srpska, after a monthly decline in February, an increase in industrial production was recorded in March, while on an annual basis, the volume of industrial production fell in both February and March.
Total seasonally adjusted industrial production in the Republic of Srpska in March 2023 recorded a monthly growth of 2.8 percent and an annual decline of 2.2 percent.
This slight monthly growth was mainly driven by the production and supply of electricity.
In the Federation of Bosnia and Herzegovina, industrial production increased by 1.3 percent on a monthly basis in March, while it decreased by 4.9 percent on an annual basis, the Federal Bureau of Statistics announced.
This is the third consecutive annual decline in industrial production in FBiH. As in the RS and FBiH, a significant annual decline in production in the processing industry was recorded.
In the RS, the production of capital goods increased the most on a monthly basis, by 32 percent, and energy production also increased by 15.7 percent. On the other hand, a decline was recorded in the production of durable consumer goods by 2.5 percent, intermediate products by 2.8 percent and non-durable consumer goods by 9.7 percent, according to the data of the Republic Institute of Statistics.
Compared to the data from March last year, production growth was recorded in the production of capital products – 31.5 percent and energy by 9.3 percent.
Production of non-durable consumer goods decreased by 12.2 percent, intermediate products by 13.7 percent and durable consumer goods by 33.2 percent.
According to areas of activity, industrial production in March, compared to February, recorded growth in the area of production and supply of electricity, gas, steam and air conditioning by 22 percent and in the processing industry by 0.7 percent, while in the area of ore and stone extraction a decrease of 14 percent.
On an annual basis, a growth of 13.1 percent was recorded in the production and supply of electricity, gas, steam and air conditioning.
A six percent annual decline in production was recorded in the area of ore and stone extraction by six percent, while an 8.3 percent decline was recorded in the processing industry.
In FBiH in March, compared to February, the growth of the volume of production was recorded in the production of durable products for mass consumption by 1.5 percent, intermediate products by 2.5 percent and energy by 1.5 percent.
On a monthly basis, the production of capital goods decreased by 4.9 percent, and non-durable consumer goods by 1.5 percent.
According to the areas of activity, both on a monthly and annual level, the highest growth was recorded in the mining and stone segment.
The manufacturing industry recorded a slight monthly growth and a significant annual decline.