Croatia: Industrial production recovers in July
September 2, 2014
In July, industrial output increased 1.4% over the same month last year in working-day adjusted terms, contrasting June’s 1.7% contraction and recording the largest annual gain in five months. The figure mainly reflected that an expansion in manufacturing more than compensated for declines in the production of the electricity, gas, steam and air conditioning sector as well as in mining and quarrying.
A month-on-month comparison corroborates the rebound recorded in the annual figures; industrial production rose 2.1% in seasonally-adjusted terms in July, contrasting June’s 1.0% drop. The overall trend improved as annual average growth in industrial production rose from June’s minus 1.1% to minus 0.7% in July.