Croatia’s Industrial Output Downturn Continues In November

Published on December 31, 2013 10:05 am

Croatia’s industrial production decreased further in November, but at a notably weaker pace than in the previous month, data released by the Croatian Bureau of Statistics revealed Monday.

Overall industrial production, on a working-day adjusted basis, slid 0.8 percent annually in November. The outcome followed a 3.4 percent fall October, which was slower than September’s 3.9 percent decrease.

The slump in overall activity mainly reflected a 8.3 percent fall in intermediate goods production, and a 6.6 percent decline in energy output. Production of capital goods and durable consumer goods increased 8.1 percent each. Non-durable consumer goods output rose by 4 percent.

Sequentially, industrial production increased a seasonally adjusted 3 percent in November, faster than October’s 1.3 percent gain.

Source RTT News

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