Croatia: Industrial production growth slows in October
November 29, 2017
Industrial output in October increased 4.3% in working-day adjusted terms from the same month last year, following September’s softer 3.0% expansion.
October’s result was pushed-up by a remarkable expansion in manufacturing sector: Manufacture of wood and wood products, as well as of refined petroleum products and of food products recorded particularly high growth rates. Meanwhile production in the electricity, gas, steam, and air conditioning and mining and quarrying sub-sectors fell.
On a month-on-month basis, industrial production in October expanded 2.7% in seasonally- and working-day adjusted terms, following September’s softer 1.4% increase. Annual average growth in industrial production in October came in at an eight-month high of 4.2% (September: +4.0% year-on-year).