Industrial production in Croatia rose 4.9% from a year ago in February of 2021, following a 1.8% increase in the previous month. It was the third straight month of growth in industrial activity and at the fastest pace since December of 2016, as the economy gradually recovers from the pandemic crisis. Output increased sharply for manufacturing (4.4% vs 0.6% in January), mainly boosted by the manufacture of computer, electronic & optical products (17.9% vs 16.4%); basic metals (14.5% vs 14.3%) and pharmaceutical products & pharmaceutical preparations (17.7% vs 36%). Meantime, production slowed for electricity, gas, steam & air conditioning supply (6.3% vs 13.1%) and it fell for mining (-13.6% vs -12.7%). On a monthly basis, industrial output rose 3.4%, after a 1.5% increase in the prior month. Considering the first two months of the year, industrial activity advanced 3.4% compared to the same period a year ago. source: Croatian Bureau of Statistics
Industrial Production in Croatia averaged 0.99 percent from 1999 until 2021, 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 April of 2021.
Industrial Production in Croatia is expected to be 2.80 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 3.00 in 12 months time. In the long-term, the Croatia Industrial Production is projected to trend around 3.00 percent in 2022 and 2.00 percent in 2023, according to our econometric models.