Croatia: Industrial production drops in June
July 29, 2014
In June, industrial output decreased 1.7% over the same month last year in working-day adjusted terms, contrasting May’s 1.3% expansion. The figure mainly reflected that large drops in production in the electricity, gas, steam and air conditioning sector as well as in mining and quarrying more than offset a moderate expansion in manufacturing.
A month-on-month comparison corroborates the contraction recorded in the annual figures; industrial production fell 1.1% in seasonally-adjusted terms in June, after a flat reading was recorded in May. The overall trend stabilized as annual average growth in industrial production held steady at minus 1.1% in June, the same as the previous month .