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Croatia Industry November 2019

Croatia: Industrial production dips in November

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.

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