Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
Industrial Production in Croatia
The Croatian economy recorded an average industrial production growth rate of 1.1% in the decade to 2024. In 2024, industrial production growth was -2.4%. For more industry information, visit our dedicated page.
Croatia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Croatia from 2024 to 2017.
Source: Macrobond.
Croatia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -3.3 | 6.3 | 1.7 | -0.2 | -2.4 |
Industrial activity drops at sharpest pace since November 2024 in July
Latest reading: Industrial output fell 1.0% year on year in working-day adjusted terms in July (June: +2.1% yoy). July's outturn marked the worst reading since November 2024. The downturn was driven by a contraction in electricity, gas, steam, and air-conditioning supply, and decelerations in mining and quarrying plus manufacturing production. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.7%, down from June's 1.9%. On a monthly basis, industrial production increased 2.6% in seasonally adjusted terms in July, rebounding notably from June’s 1.3% fall and marking the best result since December 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Croatian industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Croatian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Croatian industry projections.
Want to get access to the full dataset of Croatian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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