Croatia Industry


Industrial production expands for the first time in eight months

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.


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Croatia Industry Chart

Croatia Industry August 2012

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Croatian Bureau of Statistics (CBS) and FocusEconomics calculations.

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