Croatia Industry

Croatia

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.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.4% in 2015, which is unchanged from last month’s estimate. In 2016, the panel sees industrial production growth at 2.5%.


Author:, Economist

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Croatia Industry May 2015

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


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