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.
Author: Javier Colato, Economist