In August, industrial output increased 0.6% over the same month last year in working-day adjusted terms, which contrasted the 5.5% decline tallied in July. In fact, the reading represents the first expansion seen since December 2011. According to the Croatian Bureau of Statistics, the result mainly reflected an improvement in the manufacturing sector. On a monthly basis, industrial production increased 0.7% over the previous month in seasonally adjusted terms, which was below the 1.6% rise observed in July. As a result of the positive growth in August, the trend is now pointing upwards, with annual average variation in industrial production rising from minus 4.0% in July to minus 3.6% in August.
Industrial production expands for the first time in eight months
September 28, 2012
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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
In August, consumer prices declined 0.2% over the previous month, which was a softer drop than July’s 0.7% decrease.
September 2, 2016
In July, industrial output rose 1.2% over the same month of last year in working-day adjusted terms, which represented a significant slowdown from June’s 4.1% increase and the lowest result in seven months.