Croatia Industry April 2018

Croatia

Croatia: Industrial production declines in April

May 29, 2018

Industrial output fell 1.3% in working-day adjusted terms from the same month last year in April, contracting for the second consecutive month, albeit at a softer pace than in March, when it fell 1.7%.

The decrease in April was driven by a sharper annual contraction in the mining and quarrying sector and a downturn in electricity gas, steam and air conditioning supply. Meanwhile, manufacturing output was unchanged in April.

On a month-on-month basis, industrial production in April contracted 0.9% in seasonally- and working-day adjusted terms, following March’s 2.9% fall. Meanwhile, annual average growth in industrial production moderated from 1.4% in March to 1.3% in April, the lowest reading since May 2015.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.1% in 2018, which is unchanged from last month’s estimate. In 2019, the panel sees industrial production growth of 3.0%.


Author:, Economist

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Croatia Industry April 2018

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


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