Croatia Industry September 2017

Croatia

Croatia: Industrial production growth slows in September

October 30, 2017

Industrial output in September increased 3.0% in working-day adjusted terms from the same month last year, following August’s slightly stronger 3.2% expansion.

September’s result was pushed-up by a faster expansion in the electricity, gas, steam, and air conditioning supply sub-sector, and by a turnaround in the mining and quarrying sub-sector, while growth in the manufacturing sector slowed considerably from August, weighing on the final result.

On a month-on-month basis, industrial production in September expanded 1.4% in seasonally- and working-day adjusted terms, following August’s much softer 0.3% uptick. Annual average growth in industrial production in September came in at 3.8% (August: +3.9% 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 September 2017

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


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