Croatia: Industrial production posts solid growth in November
December 29, 2014
In November, industrial output grew 2.8% over the same month last year in working-day adjusted terms, matching October’s print. The expansion mainly reflected that an increase in manufacturing output and in the production of the electricity, gas, steam and air conditioning sector more than offset a drop in mining and quarrying output.
On a monthly basis, industrial production increased 2.7% in seasonally-adjusted terms in November, coming in markedly above October’s 0.3% expansion. The overall trend continued to improve as annual average growth in industrial production rose from October’s 0.4% to 0.7% in November.