Croatia Industry March 2019

Croatia

Croatia: Industrial production rises solidly in March

April 30, 2019

In March, industrial output rose a solid 3.0% in working-day adjusted terms over the same month last year, following February’s mild 0.6% expansion. As such, the annual average variation in industrial output improved to minus 0.5% in March from minus 0.9% a month earlier.

March’s pick-up was largely driven by a marked acceleration in manufacturing output compared to February. Meanwhile, both the mining and quarrying, and electricity, gas, steam and air conditioning supply sectors contracted in March.

On a month-on-month basis, industrial production dipped 0.6% in seasonally- and working-day adjusted terms in March, a softer drop than February’s 2.4% fall.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.0% in 2019, which is unchanged from last month’s estimate, and 2.1% in 2020.


Author:, Economist

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Croatia Industry March 2019

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


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