Croatia: Industrial production contracts again in February
Industrial production fell 2.1% in working-day adjusted terms over the same month last year in February, a softer drop than January’s 5.5% dive. Meanwhile, annual average variation in industrial output worsened from minus 0.3% in January to minus 0.5% in the second month of 2020.
February’s slower decline was due to softer contractions in mining and quarrying and manufacturing sectors, as well as to a turnaround in the utilities sector.
On a month-on-month basis, industrial production expanded 0.9% in seasonally- and working-day adjusted terms, up from a 0.6% increase in January.