Russia: Industrial output records lowest expansion in over a year in June
Industrial output rose 1.9% year on year in June (May: +5.3% yoy). The result marked the worst reading since March...
Industrial Production in Croatia
The Croatian economy recorded average industrial production growth of 1.3% in the decade to 2022, above the 1.1% average for the Euro Area. In 2022, industrial production growth was 1.6%. For more industry information, visit our dedicated page.
Croatia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Croatia from 2018 to 2017.
Source: Macrobond.
Croatia Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.6 | -3.3 | 6.3 | 1.6 | -0.1 |
Industrial output drops again in May
Industrial output fell 3.3% year on year in working-day adjusted terms in May (April: -2.0% yoy). The figure came on the back of a decline in manufacturing production. However, mining and quarrying production improved. On a monthly basis, industrial output rose 2.5% in seasonally adjusted terms in May, which was notably better than April’s flat reading and marking the best result since September 2023. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.0%, down from April's minus 0.6%.
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 5 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.
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