Croatia Industry February 2020


Croatia: Industrial production contracts again in February

March 31, 2020

Industrial production fell 2.1% in working-day adjusted terms over the same month last year in February, a softer drop than January’s 5.5% dive. Meanwhile, annual average variation in industrial output worsened from minus 0.3% in January to minus 0.5% in the second month of 2020.

February’s slower decline was due to softer contractions in mining and quarrying and manufacturing sectors, as well as to a turnaround in the utilities sector.

On a month-on-month basis, industrial production expanded 0.9% in seasonally- and working-day adjusted terms, up from a 0.6% increase in January.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.

Author: Massimo Bassetti, Senior Economist

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Croatia Industry Chart

Croatia Industry February 20 20

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

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