Croatia Among EU States with Biggest January Drop in Industrial Production

Total Croatia News

ZAGREB, March 12, 2020 – Croatia, along with Luxembourg and Lithuania, in January 2020 recorded the greatest fall among EU member states in industrial production on the year, the European statistical office reported on Thursday.

In January 2020, seasonally adjusted industrial production in the EU27 decreased by 1.5% after revised figures showed that production in December 2019 fell by 3.5%.

The greatest increase in production in January 2020 on the year was recorded in consumer goods (+2.6%).

The biggest decrease in production in the EU27 was in the energy sector (-5.8%).

The highest increases in seasonally adjusted production in January 2020 were observed in Malta (+8.1%), followed by Poland (+3.4%) and Hungary (+2.7%).

The biggest drop in production year on year was recorded in Luxembourg (-9.2%), followed by Croatia (-5.5%) and Lithuania (-4.5%).

Industrial production in December 2020 in Croatia fell by 2.2% year on year.

Compared with December 2019, seasonally adjusted industrial production in the EU27 increased by 2% in January 2020.

In Croatia seasonally adjusted production in January 2020 increased mildly on the month (+0.6%) after falling by 1.6% in December 2019 m-o-m.

More economy news can be found in the Business section.

 

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