Croatia: Industrial production growth accelerates in May
June 29, 2015
In May, industrial output rose 4.4% over the same month last year in working-day adjusted terms, coming in above April’s 1.2% increase and marking a five-month high. The rise reflected a strong acceleration in manufacturing as well as in mining and quarrying. Conversely, electricity, gas and steam decreased in May compared to the previous month.
On a monthly basis, industrial production in May increased 2.6% in seasonally-adjusted terms, contrasting April’s 4.1% fall. The overall trend improved as annual average growth in industrial production inched up from April’s 1.1% to 1.3% in May.
Author: Eric Denis , Economist