Croatia Industrial production July 2022

Croatia

Croatia: Industrial output growth dips in July

September 2, 2022

Industrial production increased 2.8% year on year in working-day adjusted terms in July (June: +3.8% yoy).

On a monthly basis, factory output fell 1.9% in seasonally-adjusted terms in July, contrasting June’s 1.2% expansion and marking the worst result since April 2021. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 3.4%, down from June's 3.5%.

FocusEconomics Consensus Forecast panelists project industrial output to increase 4.2% in 2022, which unchanged from last month’s projection. For 2023, the panel projects industrial output to expand 3.8%.


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