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Croatia Industrial production November 2020

Croatia: Industrial output drops at sharpest pace since June in November

Industrial output declined 1.7% year-on-year in working-day adjusted terms in November, contrasting October’s 2.2% expansion and marking the lowest reading in five months. November’s downturn was chiefly driven by a swing into contraction of manufacturing output. Moreover, the trend pointed down, with the annual average variation of industrial production coming in at minus 3.6% in November, down from October’s minus 3.5%.

Lastly, on a monthly basis, factory output fell 2.6% in seasonally and working-day adjusted terms in November, contrasting October’s 1.7% increase and dropping at the sharpest rate since April.

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