Croatia: Industrial production growth speeds up in January
March 8, 2016
In January, industrial output rose 9.3% over the same month last year in working-day adjusted terms, which was strongly above December’s 0.6% increase and marked the highest reading since March 2007. The increase reflected double-digit growth in the manufacturing sector, which also grew at the highest pace since March 2007.
On a monthly basis, industrial production in January grew 3.2% in seasonally-adjusted terms, which contrasted December’s 1.8% decrease. As a result, average annual growth in industrial production rose from December’s 2.4% to 3.5% in January.