The Government of Republika Srpska on Wednesday accepted the information on the state of processing industry in 2017, which reads that the physical volume of industrial production from January to December last year grew at the rate of 1.4 per cent in relation to the same period of 2016, and that the processing industry grew by 6.5 per cent.
The branches that contributed to the growth of the processing industry the most were production of leather and leather products /10 per cent/, production of finished metal products, except for machinery and equipment /17 per cent/, production of base metals /17 per cent/, and production of rubber and plastic /6.7 per cent/.
According to the data submitted by the Statistics Institute, the average number of the employed, including entrepreneurs, in the total processing industry in 2017 was 54,440, up by 4.4 per cent or 2,318 employed persons in relation to 2016.
The Government press release states that the data from business entities’ 2017 financial statements submitted by the Agency for Intermediary, IT and Financial Services was used to analyse the financial situation and that a sample of 1,963 companies was used.
The total income made in 2017 was BAM5.22 billion, up by 3.74 per cent in comparison to 2016, while the net profit in the processing industry in 2017 was BAM316.1 million, up by 6.61 per cent compared to 2016.
The companies engaged in the processing industry earned BAM2.93 billion in exports in 2017, up by 16.7 per cent in relation to 2016, while imports grew at the rate of 10 per cent.
The import-export coverage in 2017 was 75 per cent, up by 4.21 per cent in relation to 2016.
The Information on the state of processing industry in 2017 contains the main macroeconomic indicators and business indicators in the processing industry which are under the competence of the Ministry of Industry, Energy and Mining.
It includes the metal industry, textile, leather and shoes, wood processing industry, production of paper and paper products, printing of recorded material, production of chemicals and chemical products and production of rubber and plastic products.
The Information mentions the main problems in doing business, the activities carried out, and activities and measures intended to be undertaken in the future, reports the Government’s press office.