Industry in Croatia
Croatia - Industry
Industrial production contracts again in August
In August, industrial output fell 1.0% in working-day adjusted terms over the same month last year, deteriorating further than the 0.9% drop recorded in July.
August’s dip was largely driven by a sharper decline in manufacturing output compared to the previous month. Moreover, mining and quarrying output continued to contract in August while growth in the electricity, gas, steam and air conditioning supply sector cooled slightly compared to July.
On a month-on-month basis, industrial production rose 0.3% in seasonally- and working-day adjusted terms in August, rebounding from the 3.7% decline logged in July, which had marked the lowest reading in one and a half years. Meanwhile, annual average growth in industrial production edged down from 0.6% in July to 0.3% in August, a near four-year low.
Croatia Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.5% in 2018, which is down 0.2 percentage points from last month’s estimate. In 2019, the panel sees industrial production growth of 2.7%, down 0.1 percentage points from last month’s forecast.
Croatia - Industry Data
|Industrial Production (annual variation in %)||-1.7||1.2||2.5||5.0||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Croatia Industry Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||2.16||0.0 %||Oct 18|
|Exchange Rate||6.48||-0.54 %||Oct 18|
|Stock Market||1,776||-0.48 %||Oct 18|
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October 16, 2018
Consumer prices rose 0.8%—a one-year high—from the previous month in September, following the flat reading recorded in August.
September 28, 2018
In August, industrial output fell 1.0% in working-day adjusted terms over the same month last year, deteriorating further than the 0.9% drop recorded in July. August’s dip was largely driven by a sharper decline in manufacturing output compared to the previous month.
September 14, 2018
Consumer prices were unchanged from the previous month in August, contrasting the 0.9% drop recorded in July.
September 3, 2018
In July, industrial output fell 0.9% in working-day adjusted terms over the same month last year, contrasting the 3.1% rise recorded in June. July’s dip was largely driven by a drop in manufacturing output, which had expanded in the previous month.
August 31, 2018
The Croatian economy gained momentum in the second quarter, according to detailed GDP data released by the Statistical Institute on 31 August.