Croatia's industrial production dropped 12.4 percent over a year earlier in May 2020, following an 11 percent fall in the previous month. It was the biggest decline in industrial output since June 2009, amid the covid-19 crisis. Output decreased further in capital goods (-17.8 percent compared to -8.2 percent in April), intermediate (-13.3 percent compared to -11 percent) and non-durable goods (-15.8 percent compared to -13.9 percent). In contrast, production of durable goods fell less (-35.3 percent compared to -59.7 percent) while energy output rebounded (3.5 percent compared to -0.9 percent). On a seasonally adjusted monthly basis, industrial production went down 3.5 percent, after dropping 5.6 percent in the prior month.

Industrial Production in Croatia averaged 1.02 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 July of 2020.

Industrial Production in Croatia is expected to be -4.00 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 2.80 in 12 months time. In the long-term, the Croatia Industrial Production is projected to trend around 4.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Croatia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-12.40 -11.00 15.10 -13.30 1999 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 10:00 AM Feb -2% -5.5% -4.3%
2020-04-30 09:00 AM Mar -4.9% -2% -3.5%
2020-05-29 09:00 AM Apr -11% -4.9% -5.5%
2020-06-30 09:00 AM May -12.4% -11% -7.8%
2020-07-30 09:00 AM Jun -12.4% -4%
2020-09-01 09:00 AM Aug
2020-09-02 09:00 AM Jul
2020-10-29 10:00 AM Sep -8%


News Stream
Croatia Industrial Output Drops the Most in Nearly 11 Years
Croatia's industrial production dropped 12.4 percent over a year earlier in May 2020, following an 11 percent fall in the previous month. It was the biggest decline in industrial output since June 2009, amid the covid-19 crisis. Output decreased further in capital goods (-17.8 percent compared to -8.2 percent in April), intermediate (-13.3 percent compared to -11 percent) and non-durable goods (-15.8 percent compared to -13.9 percent). In contrast, production of durable goods fell less (-35.3 percent compared to -59.7 percent) while energy output rebounded (3.5 percent compared to -0.9 percent). On a seasonally adjusted monthly basis, industrial production went down 3.5 percent, after dropping 5.6 percent in the prior month.
2020-06-30
Croatia Industrial Output Falls for 5th Month
Croatia's industrial production declined 4.9 percent year-on-year in March 2020, following a 2 percent fall in the previous month. Output decreased further in capital goods (-14.8 percent compared to -2 percent in February) and intermediate (-5.8 percent compared to -3.9 percent). In addition, production dropped in consumer non-durable goods (-5 percent compared to 4.8 percent) and durable (-23.6 percent compared to 6 percent). On the other hand, energy output rebounded (9.8 percent compared to -3.6 percent). On a seasonally adjusted monthly basis, industrial production went down 2.7 percent, after rising 1 percent in the prior month.
2020-04-30
Croatia Industrial Output Falls for 4th Month
Croatia's industrial production fell 2 percent year-on-year in February 2020, following a 5.5 percent decline in the previous month. Output dropped less in capital goods (-2 percent from -4.6 percent in January) and energy (-3.6 percent from -8 percent). Also, consumer non-durable goods production rebounded (4.8 percent from -7.6 percent). In contrast, consumer durable goods output growth slowed (6 percent from 10.3 percent); while production of intermediate goods decreased further (-3.9 percent from -2.5 percent). On a seasonally adjusted monthly basis, industrial production advanced 1 percent, after a 0.6 percent rise in the prior month.
2020-03-31
Croatia Industrial Output Shrinks The Most in 7 Months
Croatia's industrial production plunged 5.5 percent from a year earlier in January of 2020, following a 2.2 percent fall in the previous month. This was the steepest decline in industrial activity since last June, as output shrank for energy (-8 percent vs -2.6 percent in December); consumer non-durable goods (-7.6 percent vs -6.2 percent); capital goods (-4.5 percent vs -0.1 percent) and intermediate goods (-2.5 percent vs -2.9 percent). In addition, production slowed for consumer durable goods (10.4 percent vs 16.3 percent). On a seasonally adjusted monthly basis, industrial production inched up 0.6 percent, after decreasing 1.5 percent in the preceding month.
2020-03-06

Croatia Industrial Production
In Croatia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.