Croatia Industry October 2017


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).

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.0% in 2018, which is down 0.3 percentage points from last month’s estimate. In 2019, the panel sees industrial production growth decelerating to 3.1%.

Author: Massimo Bassetti, Economist

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Croatia Industry Chart

Croatia Industry October 2017

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

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