Croatia with one of biggest drops in industrial output in EU in May

Croatia with one of biggest drops in industrial output in EU in May

Croatia with one of biggest drops in industrial output in EU in May Izvor: Ilustracija, N1

In May, Croatia was among those EU member states that recorded the greatest fall in industrial production on the month while estimates for the Union and euro area indicate signs of recovery, Eurostat reported on Friday.

"In May 2019 compared with April 2019, seasonally adjusted industrial production rose by 0.9% in the euro area (EA19) and by 0.8% in the EU28, according to estimates from Eurostat, the statistical office of the European Union," Eurostat reported on its website

"In April 2019, industrial production fell by 0.4% in the euro area and by 0.6% in the EU28. In May 2019 compared with May 2018, industrial production decreased by 0.5% in the euro area and increased by
0.4% in the EU28."

In Croatia, industrial turnover in May shrunk by 1.7% compared to April. In April industrial output was 0.2% lower than in March.

Croatia was among those EU member states that recorded the greatest drop in industrial output along with Finland (-2.9%) and Romania (-1.9%).

Among Member States for which data are available, the highest increases in industrial production were registered in Denmark (+4.4%), Ireland (+2.3%) and France (+2.1%).

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