Croatia's industrial production increased 3 percent from a year earlier in March 2019, accelerating from a 0.6 percent growth in the previous month, as output rose sharply for intermediate goods (9.2 percent vs 7.5 percent) and capital goods (4.7 percent vs -6.9 percent). Meanwhile, consumer non-durable output rose at a softer pace (0.6 percent vs 2.7 percent) while production fell for energy (-4.6 percent vs -5.3 percent) and consumer durables (-0.9 percent vs 7.1 percent). Industrial Production in Croatia averaged 1.23 percent from 1999 until 2019, 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 -1.50 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 2.00 percent in 2020, according to our econometric models.