Croatia: Industrial output notches quickest growth since January 2022 in November
Industrial production rose 4.8% year on year in working-day adjusted terms in November (October: +1.0% yoy). November’s print marked the best reading since January 2022. Looking at the details of the release, manufacturing and steam and air conditioning supply output strengthened. That said, mining and quarrying output dived in November.
Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.3% in November, up from October’s minus 0.8% reading. On a seasonally and calendar adjusted monthly basis, industrial output rose 2.6% in November (October: -1.4% mom).