Croatia: Industrial output records largest drop in over two years in December
Industrial output dropped 2.2% year on year in working-day adjusted terms in December, which was a deterioration from November’s 2.0% decrease. December’s figure marked the worst reading since July 2020.
On a seasonally and calendar adjusted monthly basis, factory output rose 0.1% in December (November: -1.4% mom). Meanwhile, annual average industrial production growth fell to 1.6% in December (November: +2.2%), which marked an over one-year low.