Small Croatian town on the beach

Croatia Industry May 2018

Croatia: Industrial production declines for a third consecutive month in May

Industrial output fell 0.7% in working-day adjusted terms from the same month last year in May, contracting for the third consecutive month, albeit at a softer pace than in April, when it fell 1.3%.

May’s result was driven by a sharper annual contraction in the mining and quarrying sector compared to April. Meanwhile, a rebound in production in the electricity, gas, steam and air conditioning supply sector and a slight improvement in manufacturing output partly offset the downturn in mining and quarrying.

On a month-on-month basis, industrial production in May expanded 1.8% in seasonally- and working-day adjusted terms, rebounding from April’s 0.9% drop and marking the highest reading in over a year. Meanwhile, annual average growth in industrial production moderated from 1.3% in April to 1.0% in May, the lowest print since April 2015.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest