Croatia: Growth in industrial production moderates in February
March 31, 2017
In February, industrial output in Croatia grew 2.3% from the same month last year in seasonally and working-day adjusted terms, which came in below January’s robust 4.0% increase. Growth came on the back of expansions in both the electricity, gas, steam and air conditioning and manufacturing sectors—although both sectors decelerated from the previous month. On the downside, the mining and quarrying sector continued to contract, and did so at the sharpest pace in almost two and a half years.
On a monthly basis, industrial production in February fell 1.5% in seasonally and working-day adjusted terms, which was a softer contraction than January’s 6.8% drop. Annual average growth in industrial production in February came in at 4.5%, down from January’s 4.7% expansion.