Croatia Industry December 2015

Croatia

Croatia: Industrial production growth decelerates in December

January 29, 2016

In December, industrial output rose 0.9% over the same month last year in working-day adjusted terms, which was below November’s 2.7% increase and marked the lowest reading in almost a year. The deceleration reflected a downturn in all categories of the index, with manufacturing in particular growing at the slowest pace in six-months.

On a monthly basis, industrial production in December fell 1.2% in seasonally-adjusted terms, which followed November’s 0.8% decrease. As a consequence, the overall trend fell from November’s 2.8% to 2.5% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.5% in 2016, which is unchanged from last month’s estimate. In 2017, the panel sees industrial production growth at 2.9%.


Author:, Economist

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Croatia Industry December 2015

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


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