Croatia Industry November 2019

Croatia

Croatia: Industrial production dips in November

December 30, 2019

Industrial production fell 0.4% in working-day adjusted terms over the same month last year in November, contrasting October’s 0.3% year-on-year rise. Meanwhile, annual average variation in industrial output was stable at 0.1% in November.

November’s downturn was underpinned by a sharp contraction in mining and quarrying output, alongside a drop in manufacturing production. However, a surge in the electricity, gas, steam and air conditioning supply cushioned the decline somewhat.

On a month-on-month basis, industrial production fell 0.7% in seasonally- and working-day adjusted terms, improving from the 1.3% decrease in October.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.6% in 2020 and also 1.6% in 2021.


Author:, Economist

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Croatia Industry November 2019

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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