ZAGREB, March 9, 2018 – Croatia’s industrial production in January 2018 dropped by 0.4% on the year for the third consecutive month, which has not been recorded since the end of 2013, according to figures provided by the national statistical office (DZS).
Industrial output in January 2018 dropped by 1.7% from December 2017 and by 0.4% compared to January 2017.
January was the third consecutive month to see an annual decline in industrial output, however, the decline has slowed down as in November it dropped by 1.6% and in December by 2.5% year on year.
Two analysts polled by Hina had forecast a decrease in industrial production, with their estimates ranging from a 0.5% to a 0.7% decrease. One analyst, however, predicted a growth of 2.5%.
Capital goods production dropped the most, by 12.4% on the year, followed by energy production, which was down 7.7%.
On the other hand, the production of durable consumer goods was up 20.5% over January 2017. The output of intermediate goods grew 9.7% and that of non-durables rose 2%.
