Croatia: Growth in industrial production decelerates in September
October 31, 2016
In September, industrial output in Croatia rose 1.9% over the same month of last year in seasonally and working-day adjusted terms, which represented a slowdown from August’s stronger 2.5% increase. The deceleration was due to the mining and quarrying sector swinging from growth to a sharp drop—its worst reading in two years—as well as to the weaker growth recorded in the electricity, gas, steam and air conditioning sector. On the other hand, growth in the manufacturing sector speeded up, hitting a five-month high.
On a monthly basis, industrial production in September grew a six-month high of 3.6% in seasonally and working-day adjusted terms, which contrasted August’s 1.1% drop. Annual average growth in industrial production in September came in at 4.0%, down from August’s 4.3% expansion.