Croatia's industrial output fell 1.2 percent from a year earlier in August 2020, following a 1.6 percent decline in the previous month, amid the coronavirus crisis. There was a contraction in production of non-durable consumer goods (-5.1 percent vs -9.3 percent in July) and energy (-0.2 percent vs 2.1 percent). At the same time, output rose for capital goods (4.5 percent vs 14.7 percent), intermediate goods (0.8 percent vs -2.6 percent) and durable consumer goods (0.5 percent vs 1.7 percent).
Industrial Production in Croatia averaged 0.99 percent from 1999 until 2020, 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. Croatia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Croatia is expected to be -1.20 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 3.50 in 12 months time. In the long-term, the Croatia Industrial Production is projected to trend around 3.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.