In October, industrial output contracted 5.8% over the same month last year in working-day adjusted terms. The negative print, however, marks an improvement over the 7.7% decline tallied in September, which had represented the steepest contraction observed in five months. According to the Croatian Bureau of Statistics, all the main categories improved over the previous month. That said, mining and quarrying as well as manufacturing remained in the red, whereas electricity, gas steam and air conditioning rebounded in October. On a monthly basis, industrial production rose 1.0% over the previous month in seasonally adjusted terms, which contrasted the 3.7% decline observed in September. As a result of the annual contraction, the trend continues to point downwards, with annual average variation in industrial production falling from minus 4.0% in September to minus 4.5%.
Industrial production continues to fall in October
November 29, 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.