Croatia: Industrial output notches quickest growth since January 2022 in December
Latest reading: Industrial output rose 5.4% year on year in working-day adjusted terms in December, which followed November’s 6.3% decrease. The figure marked the best reading since January 2022. Looking at the details of the release, both manufacturing and electricity, gas, steam and air conditioning supply output rebounded.
Accordingly, the trend improved, with the annual average variation of industrial production coming in at minus 2.4%, up from November’s minus 2.9%. On a seasonally and calendar adjusted monthly basis, factory output rebounded strongly, rising 6.3% in December (November: -1.7% mom), the best result since June 2020.