Croatia Industrial production October 2020

Croatia

Croatia: Industrial output grows at quickest pace in almost one-and-a-half years in October

November 30, 2020

Industrial output grew 2.8% year-on-year in working-day adjusted terms in October, contrasting September's 1.1% decrease and marking the best result since July 2019. October´s rebound was chiefly driven by a bounce-back in manufacturing production. Meanwhile, mining and quarrying output contracted at a softer pace than in September.

Lastly, the trend improved modestly, with the annual average variation of industrial production coming in at minus 3.5% in October, up from September's minus 3.7%.

FocusEconomics’ panelists see industrial production expanding 4.6% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, our panel sees industrial production growing 3.9%.


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Croatia Industry October 20 20

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


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