Croatia: Industrial production flat in March
April 28, 2017
In March, industrial output in Croatia remained unchanged from the same month last year in seasonally and working-day adjusted terms, which came in below February’s 2.3% increase and represented the weakest reading in over two years. The result came on the back of an improvement in the manufacturing sector, which offset a small decline in the mining sector and a strong swing from growth to contraction in the volatile electricity, gas, steam and air conditioning sector, which recorded the worst result since December 2015.
On a monthly basis, industrial production in March expanded 1.5% in seasonally and working-day adjusted terms, which contrasted February’s 1.5% drop. Annual average growth in industrial production in March came in at 3.9%, down from February’s 4.5% expansion.