Croatia Industry April 2016

Croatia

Croatia: Growth in industrial production softens in April, but remains strong

May 30, 2016

In April, industrial output rose 4.9% over the same month of last year in working-day adjusted terms, which was below March’s strong 6.9% increase. The deceleration was mainly due to a contraction in production in the electricity, gas, steam and air conditioning sector, which tallied its worst reading in four months. On the other hand, activity in the manufacturing sector speeded up and the mining and quarrying sector returned to growth after March’s fall.

On a monthly basis, industrial production in April fell 2.9% in seasonally-adjusted terms, which contrasted March’s 3.9% increase and marked the lowest reading in eight months. Annual average growth in industrial production advanced from March’s 4.2% to 4.5% in April, marking the highest reading since February 2008.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.8% in 2016, which is up 0.1 percentage points from last month’s estimate. In 2017, the panel sees industrial production growth stable at 2.8%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Croatia? Download a sample report now.

Download




Croatia Economic News

  • Croatia: Stronger fixed investment and solid household spending underpin growth in Q3

    December 1, 2017

    The economy gained traction in the third quarter of 2017, supported by a surge in fixed investment and solid household spending, despite the uncertainty still surrounding the restructuring of Croatia’s largest private company, food giant Agrokor.

    Read more

  • Croatia: Industrial production growth slows in October

    November 29, 2017

    Industrial output in October increased 4.3% in working-day adjusted terms from the same month last year, following September’s softer 3.0% expansion. October’s result was pushed-up by a remarkable expansion in manufacturing sector: Manufacture of wood and wood products, as well as of refined petroleum products and of food products recorded particularly high growth rates.

    Read more

  • Croatia: Inflation stable in October

    November 16, 2017

    In October, consumer prices increased 0.4% from the previous month, following September’s over five-year high of 1.5% increase.

    Read more

  • Croatia: Industrial production growth slows in September

    October 30, 2017

    Industrial output in September increased 3.0% in working-day adjusted terms from the same month last year, following August’s slightly stronger 3.2% expansion. September’s result was pushed-up by a faster expansion in the electricity, gas, steam, and air conditioning supply sub-sector, and by a turnaround in the mining and quarrying sub-sector, while growth in the manufacturing sector slowed considerably from August, weighing on the final result. On a month-on-month basis, industrial production in September expanded 1.4% in seasonally- and working-day adjusted terms, following August’s much softer 0.3% uptick.

    Read more

  • Croatia: Inflation continues to climb in September

    October 23, 2017

    In September, consumer prices increased 1.5% from the previous month, following August’s flat result and marking the highest reading since May 2012.

    Read more

More news

Search form