In October, industrial production fell 5.9% over the same month last year, which contrasted the 3.0% expansion recorded in the previous month. The reading marked a return to negative territory after industrial output posted two positive readings in August and September. In fact, the index is currently 14.5% below the pre-crisis peak of January 2008, showing that the country's industrial sector has still not fully recovered from the deep recession in 2009. The deterioration seen in October reflected a plunge in manufacturing, which swung from a 3.0% rise in September to a 7.1% contraction. In addition, both mining and quarrying and the production of electricity, gas and steam decelerated compared to the previous month. A month-on-month comparison corroborates the deterioration suggested by the annual figures, as industrial output dropped 3.76% over the previous month in seasonally adjusted terms, contrasting the 3.27% increase recorded in September. Nevertheless, annual average growth continued to improve, stepping up from minus 3.0% in September to minus 2.7% in October.
Industrial production falls back into recession in October
December 1, 2010
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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.