Croatia: Industrial production rebounds, expands at fastest pace in over a year
October 29, 2014
In September, industrial output grew 3.8% over the same month last year in working-day adjusted terms, contrasting August’s steep 4.7% contraction, and recording the largest gain since March 2013. The expansion mainly reflected sizable increases in manufacturing and the production of the electricity, gas, steam and air conditioning sector, which more than offset a decrease in the output of mining and quarrying.
A month-on-month comparison corroborates the improvement recorded in the annual figures; industrial production increased 4.6% in seasonally-adjusted terms in September, contrasting August’s 4.1% drop. The overall trend also improved as annual average growth in industrial production rose from August’s minus 0.8% to minus 0.1% in September.