Croatia Industry

Croatia

Croatia: Industrial production growth decelerates in April

May 29, 2015

In April, industrial output rose 1.2% over the same month last year in working-day adjusted terms, coming in below March’s 3.5% increase and marking a three-month low. The fall reflected a deceleration in electricity, gas, steam and air conditioning as well as in manufacturing. Conversely, the mining sector grew at a faster pace compared to the previous month in April.

On a monthly basis, industrial production in April decreased 4.1% in seasonally-adjusted terms, contrasting March’s 2.4% rise. The overall trend improved as annual average growth in industrial production inched up from March’s 1.0% to 1.1% in April.

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 April 2015

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


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