Industrial production in Croatia decreased 1.6 percent year-on-year in July of 2020, following a 1.8 percent fall in the previous month. It was the ninth consecutive month of falls in industrial activity, as output continued to decline for both manufacturing (-3.2 percent vs -2.5 percent in June) and mining & quarrying (-6.6 percent vs -4.2 percent). Meantime, production of electricity, gas, steam & air conditioning supply rose further (8 percent vs 3.4 percent). On a monthly basis, industrial production climbed 5.6 percent, after a 7.4 percent rise in June.
Industrial Production in Croatia averaged 1 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 September of 2020.
Industrial Production in Croatia is expected to be -8.00 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 3.50 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.