Croatia Industry April 2017

Croatia

Croatia: Industrial production decreases for first time in over two years in April

May 30, 2017

Croatian industrial output in April decreased 0.6% in working-day adjusted terms from the same month last year, marking the first contraction since January 2015. The result came on the back of a significant decrease in mining and quarrying output, a drop in output in electricity, gas, steam and air as well as in manufacturing.

On a month-on-month basis, industrial production in April decreased 1.9% in seasonally and working-day adjusted terms, contrasting March’s 0.5% increase. Annual average growth in industrial production in April came in at 3.4%, below March’s 3.9%, continuing the downward trend that started in 2017.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.0% in 2017, which is unchanged from last month’s estimate. In 2018, the panel sees industrial production growth decelerating to 3.3%.


Author:, Economist

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Croatia Industry April 2017

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


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