Croatia's industrial output declined 2.2 percent from a year earlier in December 2019, following a 0.4 percent fall in the previous month. Production of non-durable goods contracted (-6.2 percent compared to 1.4 percent in November); and intermediate goods output shrank further (-2.9 percent compared to -0.4 percent). Also, output growth eased for energy (2.6 percent compared to 8.3 percent) and durable goods (16.3 percent compared to 17.5 percent). In contrast, capital goods production dropped at a softer pace (-0.1 percent compared to -18.8 percent). On a monthly basis, industrial production went down 1.5 percent, after a 0.3 percent decline in November. Considering 2019 as a whole, industrial output advanced 0.5 percent compared to the same period of the previous year.
Industrial Production in Croatia averaged 1.18 percent from 1999 until 2019, reaching an all time high of 15.10 percent in December of 2016 and a record low of -13.30 percent in June of 2009. This page provides - Croatia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Industrial Production in Croatia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Croatia to stand at 2.20 in 12 months time. In the long-term, the Croatia Industrial Production is projected to trend around 2.00 percent in 2021, according to our econometric models.