Industry in Croatia
Croatia - Industry
Industrial production suffers sharpest contraction in over six years in December
In December, industrial output fell 6.6% in working-day adjusted terms over the same month last year, deteriorating from November’s 0.8% dip and marking the sharpest drop in over six years.
December’s plunge was largely driven by marked decline in manufacturing output, swinging from the mild expansion recorded in the previous month. In addition, both the mining and quarrying, and electricity, gas, steam and air conditioning supply sectors posted greater losses compared to November.
On a month-on-month basis, industrial production tumbled 2.9% in seasonally- and working-day adjusted terms in December, following November’s 0.4% downturn. Meanwhile, annual average variation in industrial output worsened to minus 1.0% in December from minus 0.7% a month earlier.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.8% in 2019, which is down 0.5 percentage points from last month’s estimate, and 1.9% in 2020.
Croatia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.7 | 1.2 | 2.5 | 5.0 | 1.9 |
Croatia Industry Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.05 | 0.0 % | Feb 20 |
| Exchange Rate | 6.54 | -0.54 % | Feb 20 |
| Stock Market | 1,769 | -0.48 % | Feb 20 |
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Economic News
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February 22, 2019
Consumer prices fell 0.9% from the previous month in January, following the 0.8% drop recorded in December and marking the third consecutive monthly decline.
Croatia: Industrial production suffers sharpest contraction in over six years in December
January 29, 2019
In December, industrial output fell 6.6% in working-day adjusted terms over the same month last year, deteriorating from November’s 0.8% dip and marking the sharpest drop in over six years.
Croatia: Inflation drops to 10-month low in December
January 16, 2019
Consumer prices fell 0.8% from the previous month in December, following the 0.2% drop recorded in November.
Croatia: Industrial output notches fifth month of losses in November
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In November, industrial output fell 0.8% in working day-adjusted terms over the same month a year earlier, moderating from October’s 2.4% drop.
Croatia: Inflation dips in November
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Consumer prices fell 0.3% from the previous month in November, contrasting the 0.6% increase recorded in October.
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