Industrial Production in Bosnia-Herz.
Year-on-year GDP growth slowed to 1.7% in the fourth quarter, down from 2.6% in Q3. The deceleration was driven by expansions in the construction and service sectors, while manufacturing and agriculture contracted. Looking at Q1 2023, high-frequency indicators suggest a further deceleration. Industrial production contracted at a sharper pace in the quarter relative to Q4, while growth in both merchandise exports and retail sales slowed. More positively, the number of overnight tourist stays increased by 15.4% in January–February from the year-earlier period. In other news, the Federation of Bosnia and Herzegovina formed a new government on April 28, after several months of political gridlock. This is expected to bring more stability, but significant near-term economic benefits are not anticipated.
Bosnia-Herz. Industrial Production Chart
Bosnia-Herz. Industrial Production Data
|Industrial Production (ann. var. %)||3.2||1.7||-5.4||-6.5||9.6|