ZCZC
BCN-15
CROATIA-INDUSTRIAL-PRODUCTION
Croatia’s industrial production slows to 0.2 pct in May
ZAGREB, June 29, 2019 (BSS/Xinhua) – Industrial production in Croatia grew
by 0.2 percent in May compared to the same month last year, which is a much
slower growth compared to the previous months, according to data published on
Friday by Croatian Bureau of Statistics.
In April and March this year, industrial production growth in Croatia was
three percent.
In May, production of durable goods grew by 5.6 percent, while energy
production increased by 1.2 percent. Non-durable products declined by 4.8
percent.
The number of employees in the industry at the end of May was 1.1 percent
lower than in April, and compared to May last year it was lower by 3.4
percent.
“Stronger growth in industrial production was stopped by, among other
things, annual drop in beverage production by 16.8 percent, coke and refined
petroleum products by 71.4 percent, other means of transport by 38.3 percent,
and machinery and equipment by 19.5 percent “, analysts from Raiffeisenbank
Austria (RBA) estimated in a report released on Friday.
RBA analysts estimate that modest growth will continue, primarily due to
the growth in wholesale and retail trade, transportation and storage, food
preparation, and information, telecommunications and construction.
BSS/XINHUA/HR/1458