Industry in Croatia

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Croatia - Industry

Industrial production dips in November

Industrial production fell 0.4% in working-day adjusted terms over the same month last year in November, contrasting October’s 0.3% year-on-year rise. Meanwhile, annual average variation in industrial output was stable at 0.1% in November.

November’s downturn was underpinned by a sharp contraction in mining and quarrying output, alongside a drop in manufacturing production. However, a surge in the electricity, gas, steam and air conditioning supply cushioned the decline somewhat.

On a month-on-month basis, industrial production fell 0.7% in seasonally- and working-day adjusted terms, improving from the 1.3% decrease in October.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.6% in 2020 and also 1.6% in 2021.

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

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

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