Croatia Industry

Croatia

Croatia: Industrial production growth accelerates in September

October 29, 2015

In September, industrial output rose 5.4% over the same month last year in working-day adjusted terms, which was above August’s 2.7% increase and marked the highest reading since April 2008. The acceleration reflected improvements in manufacturing as well as in mining and quarrying, which more than offset a deterioration in electricity, gas and steam production.

On a monthly basis, industrial production in September rose 5.9% in seasonally-adjusted terms, contrasting August’s 4.1% fall and marking the highest reading since January 2014. The overall trend improved as annual average growth in industrial production inched up from August’s 2.4% to 2.5% in September, thus marking the highest reading since June 2008.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.6% in 2015, which is up 0.2 percentage points from last month’s estimate. In 2016, the panel sees industrial production growth at 2.5%.


Author:, Economist

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Croatia Industry September 2015

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


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