Industrial production in Croatia fell 2.4 percent year-on-year in October of 2018, following a 2.6 percent decrease in the prior month. It is the fourth straight decline in industrial activity, as output slumped for capital goods (-18.7 percent vs -9.5 percent in September), consumer durable goods (-9.5 percent vs -10.4 percent) and consumer non-durable goods (-1.5 percent vs -1.9 percent). On the other hand, production grew faster for intermediate goods (4. 6 percent vs 2.1 percent) and rebounded for energy (3.3 percent vs -0.7 percent). Considering the January to September period of 2018, industrial production shrank 0.5 percent over a year ago. On a seasonally adjusted monthly basis, industrial production rose 1.3 percent, recovering from a 1.5 percent decrease in the previous month. Industrial Production in Croatia averaged 1.25 percent from 1999 until 2018, reaching an all time high of 14.80 percent in December of 2016 and a record low of -13.30 percent in June of 2009.
Industrial Production in Croatia is expected to be 3.20 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 -1.20 in 12 months time. In the long-term, the Croatia Industrial Production is projected to trend around 1.80 percent in 2020, according to our econometric models.