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.
Author: Jan Lammersen, Economist