Industry in Croatia
Croatia - Industry
Industrial production rebounds in July
In July, industrial production rose a solid 3.0% in working-day adjusted terms over the same month last year, rebounding from June’s 5.6% plunge. As a result, the annual average variation in industrial output rose to minus 0.5% in July from minus 0.8% in June.
July’s increase was largely driven by a recovery of manufacturing output, particularly of food products. In addition, production in the electricity, gas, steam and air conditioning supply sector picked up compared to June. Meanwhile, the mining and quarrying sector contracted for the fifth consecutive month in July.
On a month-on-month basis, industrial production jumped 4.8% in seasonally- and working-day adjusted terms in July, contrasting June’s 2.2% slump and ending three successive monthly declines.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.4% in 2019, which is up 0.3 percentage points from last month’s estimate, and 2.2% in 2020.
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||0.62||0.0 %||Sep 04|
|Exchange Rate||6.71||-0.54 %||Sep 04|
|Stock Market||1,869||-0.48 %||Sep 04|
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September 16, 2019
Consumer prices declined 0.3% from the previous month in August, following a sharper 0.5% fall in July.
September 2, 2019
In July, industrial production rose a solid 3.0% in working-day adjusted terms over the same month last year, rebounding from June’s 5.6% plunge.
August 28, 2019
The economy lost momentum in the second quarter, according to detailed GDP data released by Croatia’s Statistical Institute (CBS) on 28 August.
August 16, 2019
Consumer prices declined 0.5% from the previous month in July, following the 0.3% dip recorded in June.
July 30, 2019
In June, industrial production plunged 5.6% in working-day adjusted terms over the same month last year, contrasting May’s soft 0.2% expansion.