Industry in Croatia
Croatia - Industry
Industrial production recovers in June
In June, industrial output rebounded to an eight-month high of 3.1% in working-day adjusted terms over the same month last year, contrasting the 0.7% contraction recorded in May.
June’s recovery was largely driven by a sharp acceleration in electricity, gas, steam and air conditioning supply, which grew by over a quarter percentile. Moreover, manufacturing production also picked up in June. Meanwhile, mining and quarrying output continued to contract, albeit at a softer pace than in May.
On a month-on-month basis, industrial production expanded 4.5% in seasonally- and working-day adjusted terms in June, up from the 1.8% increase registered in May and the highest reading in nearly two and a half years. Meanwhile, annual average growth in industrial production ticked down from 1.0% in May to 0.9% in June.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.2% in 2018, which is down 0.1 percentage points from last month’s estimate. In 2019, the panel sees industrial production growth of 2.9%.
Croatia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.7 | 1.2 | 2.5 | 5.0 | 1.9 |
Croatia Industry Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
Croatia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.17 | 0.0 % | Aug 14 |
| Exchange Rate | 6.55 | -0.54 % | Aug 15 |
| Stock Market | 1,820 | -0.48 % | Aug 14 |
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Economic News
Croatia: Industrial production recovers in June
July 31, 2018
In June, industrial output rebounded to an eight-month high of 3.1% in working-day adjusted terms over the same month last year, contrasting the 0.7% contraction recorded in May.
Croatia: Inflation climbs to an over five-year high in June
July 17, 2018
Consumer prices remained unchanged from the previous month in June, contrasting the 0.4% rise recorded in May.
Croatia: Industrial production declines for a third consecutive month in May
June 29, 2018
Industrial output fell 0.7% in working-day adjusted terms from the same month last year in May, contracting for the third consecutive month, albeit at a softer pace than in April, when it fell 1.3%. May’s result was driven by a sharper annual contraction in the mining and quarrying sector compared to April.
Croatia: Inflation picks up to a near five-year high in May
June 15, 2018
Consumer prices rose 0.4% from the previous month in May, slightly below the 0.7% rise recorded in April.
Croatia: Economic growth quickens in Q1 on strong domestic demand
June 1, 2018
The economy grew at a healthy pace in the first quarter of the year as domestic demand expanded at the fastest clip since the third quarter of 2008.
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