Croatia: Industrial production growth accelerates in June
July 28, 2017
Industrial output in June increased 4.0% in working-day adjusted terms from the same month last year, following May’s 3.3% expansion. The result was the highest in six months and came on the back of a significant expansion in the manufacturing sub-sector, while output in the mining and quarrying and electricity, gas, steam and air conditioning supply sub-sectors continued to decline, with both sub-sectors shrinking at a significantly sharper pace than in May.
On a month-on-month basis, industrial production in June grew 1.1% in seasonally and working-day adjusted terms, down from May’s 2.4% increase, which marked had the best reading in five months. Annual average growth in industrial production in June came in at 3.5%, matching May’s result.
