Croatia: Industrial output growth slows in February
Latest reading: Industrial output expanded 5.4% year on year in working-day adjusted terms in February, which was a deterioration from January’s 7.6% increase. The figure largely reflected weaker manufacturing production. However, mining and quarrying production improved.
Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at minus 0.8% in February, up from January’s minus 1.7%. On a seasonally and calendar adjusted monthly basis, industrial production fell 3.9% in February (January: +2.1% mom s.a.).