Industrial output soars 5.4 pct in Sept on year

Croatia's industrial output in September 2015 jumped by 2.8% from the same month of 2014, which is the highest increase since 2008.

September was the eighth consecutive month in which industrial production went up.

The national statistical office said on Thursday that according to seasonally-adjusted data industrial output in September soared 5.9% from August and that according to working day-adjusted data, it was 5.4% higher than in September 2014.

September was the eighth consecutive month to see an increase in industrial output and its growth was much faster than in August , when it went up 2.8% on the year.

The September increase in industrial production was also higher than expected by four macroeconomic analysts polled by Hina who had anticipated a growth of 1.1% on average on the year, with their forecasts ranging from stagnation to 2%.

Last update: Thu, 29/10/2015 - 12:25
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