Croatia Industry July 2017

Croatia

Croatia: Industrial production growth slows in July

September 1, 2017

Industrial output in July increased 2.5% in working-day adjusted terms from the same month last year, following June’s strong 4.0% expansion.

July’s result was the lowest reading in three months. It was driven by weaker growth in the manufacturing sub-sector, although the mining and quarrying, and the electricity, gas, steam, and air conditioning supply sub-sectors recorded smaller contractions in July than they did in June.

On a month-on-month basis, industrial production in July contracted 1.1% in seasonally- and working-day adjusted terms, a flip from June’s 1.1% increase. Annual average growth in industrial production in July came in at 3.7% (June: +3.5% year-on-year), the highest reading in four months.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.0% in 2017, which is down 0.3 percentage points from last month’s estimate. In 2018, the panel sees industrial production growth decelerating to 3.1%.


Author:, Economist

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Croatia Industry July 2017

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


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