Croatia Industry

Croatia

Croatia: Industrial output contracts most in five months in May

June 28, 2013

In May, industrial output contracted 5.3% over the same month last year in working-day adjusted terms, which followed the 0.5% drop tallied in April. The drop was mainly driven by a further contraction in manufacturing output. On the other hand, mining and quarrying continued to decline, albeit at a slower pace, whereas electricity, gas, steam and air conditioning supply improved compared to the previous month.

On a monthly basis, industrial production fell 2.2% in seasonally adjusted terms, which was slightly up from the 2.4% drop observed in April. As a result of the annual contraction, the trend now points downwards, with annual average growth in industrial production stepping down from minus 2.9% in April to minus 3.0% in May.

FocusEconomics Consensus Forecast panellists expect industrial production to fall 0.2% in 2013, which is down 0.4 percentage points from last month's estimate. In 2014, the panel sees industrial production growth at 2.5%.


Author: Ricard Torné, Head of Economic Research

Sample Report

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

Download

Croatia Industry Chart


Croatia Industry May 2013

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Croatian Bureau of Statistics (CBS) and FocusEconomics calculations.


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