Croatia's industrial output likely up for 19 months in row

The Croatian national statistical office (DZS) is expected to publish on Thursday data on industrial production for August, and analysts polled by Hina project a rise at a higher rate than in July when it was 1.2% year on year.

Based on the analysts' forecast, Croatia's August industrial output is set to have increased by 2 per cent compared to August 2015.

If the projections prove to be correct, August is then the 19th month in a row with a rise in industrial production year-on-year, the longest rising streak since 2007.

One the analysts has told Hina that positive trends could be noticed in August, but warned that the indicators of slowdown in the real sector in the euro area economies and increase in inventory of finished goods could be headwinds to the pace of rise in Croatia's industrial output.

On the other hand, recovery of domestic demand can positively impact industrial production, according to the analysts.

In 2015, the country's industrial production rose 2.6% after an  increase of 1.3% in 2014, a year which halted negative trends.

Last update: Thu, 29/09/2016 - 10:23

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