In February, industrial output increased 1.6% over the same month last year in working-day adjusted terms, which was a setback over the 2.2% expansion tallied in January. The figure mainly reflected that a significant deceleration in manufacturing and a fall in mining and quarrying output were more than compensated for by an acceleration in the production of the electricity, gas, steam and air conditioning sector. A month-on-month comparison confirms the deceleration recorded in the annual figures; industrial production decreased 2.8% in seasonally-adjusted terms in February (January: +5.4% month-on-month), which marks the lowest rate tallied in five months. Annual average growth in industrial production increased from the previous month's minus 2.0% to minus 1.5% in February and thus indicates an upward trend. FocusEconomics Consensus Forecast panelists expect industrial production to expand 0.1% in 2014, which is unchanged from last month's estimate. In 2015, the panel sees industrial production growth at 2.0%.
Industrial production decelerates in February
March 28, 2014
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Croatia Industry Chart
Note: Year-on-year and annual average variation of industrial production index in %.
Source: Croatian Bureau of Statistics (CBS) and FocusEconomics calculations.
Croatia Economic News
October 17, 2016
In September, consumer prices increased 1.0% from the previous month, which contrasted August’s 0.2% drop and marked the highest reading in four years.
September 29, 2016
After months of political conflict had led the government to collapse in June, snap elections were held in Croatia on 11 September.
September 29, 2016
In August, industrial output rose 2.5% over the same month of last year in seasonally and working-day adjusted terms, which represented an acceleration over July’s weaker 1.2% increase.
September 15, 2016
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September 2, 2016
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