Croatia Industry June 2017

Croatia

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.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.0% in 2017, which is unchanged from last month’s estimate. In 2018, the panel sees industrial production growth decelerating to 3.3%.


Author: Massimo Bassetti, Economist

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Croatia Industry June 2017

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Croatian Bureau of Statistics (CBS).


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