Industrial Production in Croatia Declines Year-on-Year

Total Croatia News

ZAGREB, February 15, 2018 – Seasonally adjusted industrial production in December 2017 compared with November 2017 rose by 0.4% in the euro area (EA19) and by 0.3% in the EU28, while Croatia led the group of countries experiencing the biggest fall in annual industrial production, according to estimates from Eurostat, the statistical office of the European Union.

In November 2017, industrial production rose by 1.3% in the euro area and by 1.2% in the EU28. In December 2017 compared with December 2016, industrial production increased by 5.2% in the euro area and by 4.8% in the EU28.

The average industrial production for the year 2017, compared with 2016, rose by 3.0% in the euro area and by 3.3% in the EU28. The industrial production in Croatia in December 2017 compared with November 2017 rose by 1.6%.

Among Member States for which data are available, the highest increases in industrial production were registered in Romania (+3.8%), Ireland (+3.0%) and Slovenia (+2.7%), and the largest decreases in Slovakia (-2.7%), Lithuania (-2.6%) and the Czech Republic (-1.5%).

In the EU28, the increase of 0.3% is due to production of durable consumer goods rising by 2.6%, intermediate goods by 1.3% and non-durable consumer goods by 0.6%, while production of capital goods fell by 0.5% and energy by 0.3%.

The increase of 0.4% in industrial production in the euro area in December 2017, compared with November 2017, is due to production of durable consumer goods rising by 2.7%, intermediate goods by 1.4%, energy by 1.3% and non-durable consumer goods by 0.7%, while production of capital goods fell by 1.1%.

In the EU28, the increase of 4.8% is due to production of capital goods rising by 7.7%, durable consumer goods by 6.7%, intermediate goods by 6.0% and non-durable consumer goods by 2.5%, while production of energy fell by 0.1%.

Among member states for which data are available, the highest increases in industrial production were registered in Romania (+13.5%), Slovenia (+12.2%) and Sweden (+8.5%), and the largest decreases in Croatia (-2.5%), Luxembourg (-2.3%) and Denmark (-2.2%).

The industrial production in Croatia in December 2017 was down 2.5% from the same month of 2016, according to Eurostat.

The increase of 5.2% in industrial production in the euro area in December 2017, compared with December 2016, is due to production of capital goods rising by 7.6%, durable consumer goods by 7.4%, intermediate goods by 6.6%, non-durable consumer goods by 3.1% and energy by 0.6%, according to Eurostat.

 

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