Croatia: Industrial production growth decelerates in February
March 31, 2016
In February, industrial output rose 4.4% over the same month of last year in working-day adjusted terms, which was below January’s 9.3% increase. The slowdown was caused by a moderation in the manufacturing growth rate as well as by a steeper drop in year-on-year production in the electricity, gas, steam and air conditioning sector.
On a monthly basis, industrial production in February fell 1.6% in seasonally-adjusted terms, which contrasted January’s 3.2% increase. Annual average growth advanced from January’s 3.5% to 3.9% in February, marking the highest reading since March 2008.