Croatia: Growth in industrial production moderates in January
March 10, 2017
In January, industrial output grew 4.0% from the same month last year in seasonally and working-day adjusted terms, which came in below December’s impressive 14.9% increase. Growth came on the back of expansions in both the electricity, gas, steam and air conditioning and manufacturing sectors, although the latter decelerated considerably from the previous month. On the downside, the mining and quarrying sector continued to contract.
On a monthly basis, industrial production in January fell 6.9% in seasonally and working-day adjusted terms, which contrasted December’s 3.9% expansion and marked the lowest result in three months. Annual average growth in industrial production in January came in at 4.7%, down from December’s 5.1% expansion.