Croatia Industrial production June 2021

Croatia

Croatia: Industrial production growth cools in June

July 29, 2021

Industrial production growth moderated to 8.3% in annual terms in June, following May’s 15.8% rise. June’s softer growth was largely attributed to a weaker expansion in manufacturing output. Meanwhile, mining and quarrying production tumbled over the previous month.

On a seasonally- and calendar-adjusted monthly basis, industrial production bounced back 1.5% in June, contrasting May’s 2.0% slide. Accordingly, the trend improved, with the annual average variation of industrial production coming in at plus 4.4% in June (May: 3.6%).

FocusEconomics’ panelists see industrial production expanding 6.3% in 2021, which is unchanged from last month’s forecast. In 2022, our panel sees industrial production growing 3.7%.


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Croatia Industry June 2021

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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