Croatia Industry

Croatia

Croatia: Industrial production rebounds in February

March 31, 2015

In February, industrial output rose 2.0% over the same month last year in working-day adjusted terms, contrasting January’s 4.9% drop. The increase reflected a turnaround in manufacturing. Conversely, the mining and quarrying as well as the electricity, gas and steam sectors performed worse than in January.

On a monthly basis, industrial production increased 3.5% in seasonally-adjusted terms in February, contrasting January’s 4.0% decline. The overall trend improved as annual average growth in industrial production inched up from January’s 0.7% to 0.8% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.5% in 2015, which is unchanged from last month’s estimate. In 2016, the panel sees industrial production growth at 2.5%.


Author: Teresa Kersting, Economist

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Croatia Industry Chart


Croatia Industry February 2015

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


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