Croatia: Industrial production growth speeds up in August
October 2, 2017
Industrial output in August increased 3.2% in working-day adjusted terms from the same month last year, following July’s softer 2.5% expansion.
August’s result was driven by healthy expansions in the manufacturing and electricity, gas, steam, and air conditioning supply sub-sectors, although the mining and quarrying sub-sector continued to contract, albeit softly, in August.
On a month-on-month basis, industrial production in August expanded 0.3% in seasonally- and working-day adjusted terms, contrasting July’s 1.1% decrease. Annual average growth in industrial production in August came in at 3.9% (July: +3.8% year-on-year), the highest reading in five months.