Industry in Croatia

Croatia Industry | Economic News & Forecasts

Croatia - Industry

Industrial activity contracts for fifth consecutive month in March

Industrial output decreased 4.9% year-on-year in March (February: -2.1% yoy). The sharp fall was driven by plunging mining and quarrying and manufacturing output. In contrast, electricity, gas, steam and air conditioning production expanded.

On a seasonally-adjusted monthly basis, industrial production fell 2.8% in March (February: +1.0% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in March, down from February's minus 0.5% reading.

FocusEconomics’ panelists see industrial production contracting 8.4% this year, which is down 2.0 percentage points from last month’s forecast. Next year, our panel sees industrial production growing 4.4%.

Croatia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.5  5.0  1.9  -1.0  0.5  

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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

Value Change Date
Bond Yield0.670.0 %Dec 31
Exchange Rate6.64-0.54 %Jan 01

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