Croatia Industry November 2017

Croatia

Croatia: Industrial production slumps in November

January 2, 2018

Industrial output dropped 1.6% in working-day adjusted terms from the same month last year in November, strongly contrasting October’s 4.3% expansion and marking the worst result in almost three years.

November’s result was dragged down by contractions in the electricity, gas, steam, and air conditioning and manufacturing sectors. The manufacture of transport equipment, metal products, and refined petroleum products recorded particularly sharp falls. Meanwhile, production in the mining and quarrying sub-sectors expanded, albeit moderately.

On a month-on-month basis, industrial production in November contracted 3.6% in seasonally- and working-day adjusted terms, contrasting October’s 2.7% increase. Annual average growth in industrial production in November decelerated to an almost two-year low of 3.5% (October: +4.2% year-on-year).

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.0% in 2018, which is down 0.3 percentage points from last month’s estimate. In 2019, the panel sees industrial production growth decelerating to 3.1%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Croatia? Download a sample report now.

Download

Croatia Industry Chart


Croatia Industry November 2017

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


Croatia Economic News

  • Croatia: Industrial production falls in March

    April 30, 2018

    Industrial output dropped 1.7% in working-day adjusted terms from the same month last year in March, contrasting the 3.3% expansion recorded in February. March’s result was driven by a sharper year-on-year contraction in the mining and quarrying sector compared to in February and a marked drop in manufacturing output following two consecutive months of expansion.

    Read more

  • Croatia: Inflation picks up in March

    April 17, 2018

    Consumer prices rose 0.6% in March compared to the previous month, contrasting the 0.1% decline observed in February.

    Read more

  • Croatia: Industrial production rebounds in February

    April 3, 2018

    Industrial output rebounded in February, growing 3.3% in working-day adjusted terms from the same month last year in February, contrasting January’s 0.4% drop, which marked the first increase in four months. February’s result was driven by healthy expansions in production in the electricity, gas, steam and air conditioning and manufacturing sectors, while the production in the mining and quarrying sector contracted heavily.

    Read more

  • Croatia: Inflation moderates further in February

    March 22, 2018

    Consumer prices dropped 0.1% in February compared to the previous month, following a sharper 0.2% fall in January.

    Read more

  • Croatia: Industrial production contracts again in January

    March 13, 2018

    Industrial output declined 0.4% in working-day adjusted terms from the same month last year in January, a softer contraction from December’s 2.4% drop, which marked the worst result in almost three years. January’s result was dragged down a sharp contraction in production in the electricity, gas, steam and air conditioning sector, while the production in the mining and quarrying, and manufacturing sectors rebounded from the previous month.

    Read more

More news

Search form