Croatia Industry

Croatia

Croatia: Industrial production growth decelerates in August

September 29, 2015

In August, industrial output rose 2.7% over the same month last year in working-day adjusted terms, which was below July’s 3.9% increase. The deceleration reflected a deterioration in electricity, gas and steam production, which more than offset an improvement in mining and quarrying.

On a monthly basis, industrial production in August fell 4.1% in seasonally-adjusted terms, contrasting July’s 3.5% increase and marking a four-month low. The overall trend improved as annual average growth in industrial production inched up from July’s 1.8% to 2.4% in August, 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 August 2015

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


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