Croatia’s Industrial Output Rises by Record High 17.3% in April

The national statistical office (DZS) on Monday published data showing that Croatia’s industrial production in April fell 2.1% compared to March, whereas it soared 17.3% in comparison to April 2020, and this is the highest year-on-year increase since the start of keeping data on industrial production trends in 2001.

All five sectors see rise y-o-y

The production of durable consumer goods skyrocketed by 138.7%.

The production of intermediate goods increased by 19.5%, and of energy by 18%.

The capital goods production increased 14.1%, and production of consumer non-durables rose by 11% on the year.

The recovery of the economy is also reflected in the fact that the retail turnover in April soared by 34.4% on the year.

The economy is on the track of recovery since Croatia’s GDP saw a rise for the third quarter on a quarterly basis.

For more, follow our business section.

 

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