Croatia: Industrial output growth improves in September

Industrial production grew 2.3% year on year in working-day adjusted terms in September (August: +0.8% yoy).

On a seasonally and calendar adjusted monthly basis, factory output rebounded, rising 0.4% in September (August: -0.8% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.9%, down from August's 3.0% reading.

FocusEconomics Consensus Forecast panelists project industrial output to increase 1.1% in 2023, which is unchanged from last month’s projection. For 2024, the panel projects industrial output to expand 2.3%.