Croatia Industry November 2018


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.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.3% in 2019, which is down 0.2 percentage points from last month’s estimate, and 2.2% in 2020.


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Croatia Industry Chart

Croatia Industry November 2018

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

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