ZAGREB, 20 April 2022 - The European Union's industrial production recovered in February, fuelled by production of durable consumer goods, and Croatia was among the member states with the largest increases in output, according to Eurostat data released on Wednesday.

In the European Union, the seasonally adjusted industrial production rose by 0.6% in February compared with January, when it declined by 0.3%. In the euro area, industrial production increased by 0.7% compared with the previous month when it fell by 0.7%.

Monthly comparison

Production of durable consumer goods increased the most, by 2.4% in the EU and by 2.7% in the euro area. In January, it fell by 0.4% in the EU and by 0.8% in the euro area.

Only the energy sector recorded a decrease, of 0.6% in the EU and 1.1% in the euro area.

Among member states, the highest monthly increases were registered in Italy (+4.0%), Croatia (+2.7%) and Ireland (+2.4%). 

It was the highest rate for Croatia since March 2021. In January 2022, industrial production in Croatia fell by 0.5%.

The largest decreases were observed in Slovenia (-8.3%), Lithuania (-3.8%) and Malta (-2.7%).

Annual comparison

In February 2022 compared with February 2021, industrial production increased by 3.0% in the EU and by 2.0% in the euro area. In January 2022, industrial production stagnated in the EU and declined by 1.5% in the euro area.

The recovery was driven by production of durable consumer goods, which increased by 6.3% in the EU and by 5.8% in the euro area. In January, production in this sector rose by 1.5% in the EU and stagnated in the euro area.

Only capital goods production decreased, by 2.1% in the EU and by 3.1% in the euro area.

Among member states, the highest annual increases were registered in Lithuania (+20.4%), Poland (+17.8%) and Bulgaria (+14.4%), while the largest decreases were observed in Ireland (-14.1%), Portugal (-5.7%) and Malta (-3.5%).

In Croatia, industrial production increased by 4.1% in February 2022 compared with February 2021, following an increase of 3.5% in January 2022.

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ZAGREB, 1 Sept, 2021 - Croatia's industrial production rose in July for the eighth month in a row, growing by nearly 4% on an annual level, indicating further recovery of production and the entire economy from the coronavirus crisis.

The Croatian Bureau of Statistics (DZS) reported on Wednesday that industrial production had shrunk by 1.6% in July compared with the previous month, while increasing by 3.9% compared with July 2020. This was slower growth than in June, when production had jumped by 8.3% year on year.

"Growth in the volume of industrial production continued in July, albeit at a slower rate compared with the previous months when stronger annual growth was the result of last year's low base," analysts at Raiffeisenbank Austria (RBA) said in their comment on the DZS report.

Growth was reported for three of five sectors. Energy production rose the most, by 13.1%, followed by production of non-durable consumer goods (+4.2%) and capital goods (+2.8%). Production of durable consumer goods and intermediate goods fell by 4.7% and 4.1% respectively.

After dropping by 3.4% last year, industrial production increased by 8.7% in the first seven months of this year compared with the same period of last year, contributing to the economic growth and recovery.

The data on further growth of industrial production, as well as recent figures on further growth of retail trade indicate continued recovery of the national economy from the coronavirus crisis. Last week, the DZS released data showing that GDP had jumped by a record 16.1% in the second quarter, its first growth after four quarters of decline.

"Although the epidemiological picture will continue to affect the pace of economic recovery, the growth of foreign and domestic demand and the industry confidence index, which continued to grow in July, nearing 2019's levels, confirm our expectations of a solid continuation of growth in the volume of industrial production until the end of the year," RBA said.  

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ZAGREB, 2 July 2021- In April 2021, industrial turnover was up by 1.3% on the month and by 40.6% on the year, according to the Croatian Bureau of Statistics.

Year on year, industrial turnover increased by 28.9% on the domestic and by 58.1% on the foreign market. The sale of durable consumer goods saw the highest increase, by 124.5%, followed by capital goods (+85.5%), energy (+79.3%), intermediate goods (+33.2%) and non-durable consumer goods (+16.8%).

Industrial turnover has been increasing annually since the start of the year, except in February, when it fell by 7.7%. It went up by 1.7% in January and by 11.7% in March. In the first four months of 2021, industrial turnover increased by 10.5% year on year.

Month on month, industrial turnover in April 2021 decreased by 0.1% on the domestic market, while increasing by 10.9% on the foreign market. The sale of energy went up by 87.7%, followed by capital goods (+21.1%), while intermediate goods saw a decrease (-8%), followed by non-durable consumer goods (-3%) and durable consumer goods (-1.6%).

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ZAGREB, 31 May 2021 - Croatia's industrial output jumped by a record-high 17.3% in April, rising for five straight months, which is perceived as an indicator of the post-corona crisis recovery of the production and the whole economy.

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.

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Industrial production in Croatia in May rose by 1.6% on an annual level, making this the 16th month of growth, but slower than a month ago and less than expected

Another good month for Croatia’s industrial sector.

Unexpected good economic statistics for Croatia.