Croatia: Industrial output notches fifth month of losses in November
December 28, 2018
In November, industrial output fell 0.8% in working day-adjusted terms over the same month a year earlier, moderating from October’s 2.4% drop. November’s improvement came amid a rebound in manufacturing gains, as well as narrower losses in mining and quarrying. Meanwhile, annual average variation in industrial output improved to minus 0.7% from minus 0.8% a month earlier.
On a month-on-month basis, industrial output fell 0.3% in seasonally- and working day-adjusted terms, contrasting October’s 1.3% climb.
Author: Christopher Thomas, Economist