Industry in Croatia

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Croatia - Industry

Industrial production drops for the fourth consecutive month in October

In October, industrial output fell 2.4% in working-day adjusted terms over the same month last year, moderating slightly from the 2.6% drop recorded in September and marking the fourth consecutive month of year-on-year contractions.

October’s dip mainly reflected a marked decline in manufacturing output, primarily of fabricated metal and food products. Similarly, the mining and quarrying sector continued to shrink in the month. In contrast, output in the electricity, gas, steam and air conditioning supply sector rebounded after falling slightly in September.

On a month-on-month basis, industrial production rose 1.3% in seasonally- and working-day adjusted terms in October, contrasting the 1.5% dip logged in September. Meanwhile, annual average variation in industrial production weakened from 0.2% contraction in September to a larger 0.8% contraction in October.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.3% in 2019, which is down 0.2 percentage points from last month’s estimate, and 2.2% 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  

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Croatia Industry Chart

Croatia Industry
Note: Annual variation of industrial production in %.
Source: Central Bureau of Statistics and FocusEconomics calculations.

Croatia Facts

Bond Yield2.130.0 %Dec 12
Exchange Rate6.49-0.54 %Dec 12
Stock Market1,716-0.48 %Dec 12

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