Industry in Croatia

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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

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 Yield0.620.0 %Sep 04
Exchange Rate6.71-0.54 %Sep 04
Stock Market1,869-0.48 %Sep 04

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