Page 31 - SE Outlook Regions 2022

2.2.4 Industrial production

According to the DEP industrial production in Bosnia in the coming
period is currently very difficult to predict. The movement of the
physical volume of industrial production in the medium term will mainly
depend on economic movements in the markets of Bosnia’s main
trading partners, as has been the case so far.

If the consequences of the coronavirus pandemic are remedied in the
short term, more significant economic progress can be expected in
Bosnia, within which developments in industrial production should play
a central role. Given these circumstances, it is expected that Bosnia
should achieve slightly higher growth rates of physical volume of
industrial production in 2021-2023, says the DEP.

According to the Bosnian Agency for Statistics, industrial production in
Bosnia rose 8.2% year-on-year in October 2021, easing from a 9.3%
increase in the previous month.

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