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Croatia Industrial production January 2024

Croatia: Industrial output deteriorates in January

Industrial output decreased 1.3% year on year in working-day adjusted terms in January (December: -1.0% yoy). January’s reading was partly driven by a deterioration in mining and quarrying production. In addition, electricity, gas, steam and air conditioning supply output fell.

Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at 0.0%, up from December’s minus 0.2% reading. On a seasonally and calendar adjusted monthly basis, factory output growth flatlined in January (December: -4.0% mom)..

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