In July 2015, Croatia was among the European Union member states with the highest increases in industrial production on a monthly level and it also saw a marked annual increase, according to a report released by the EU statistical office Eurostat on Monday.
Seasonally-adjusted industrial production in Croatia in July was up 3.6% from June, when it had dropped by 3% compared with May. This put it among the countries with the highest increases in industrial production, namely Ireland (+7.2%), Greece (+4.3%) and Latvia (+2.8%). The sharpest decreases were recorded in Denmark (-4.6%), Sweden (-2.1%) and Malta (-1.8%).
In the 28-member EU, seasonally-adjusted industrial production in July 2015 increased by 0.3% compared with June 2015, when it had slid by 0.1%. The increase was due to production of energy rising by 2.1%, capital goods by 0.7% and durable consumer goods by 0.6%. Production of intermediate goods fell by 0.6% and non-durable consumer goods by 0.2%.
In the 19-member euro area, seasonally-adjusted industrial production in July 2015 was up 0.6% compared with the previous month, when it was down 0.3%. The rise was due to production of energy going up by 3.0%, capital goods by 1.4% and durable consumer goods by 1.3%, while production of both intermediate goods and non-durable consumer goods fell by 0.6%.
In July 2015 compared with July 2014, working day-adjusted industrial production increased by 1.8% in the EU28 and by 1.9% in the euro area. The highest increases were observed in Ireland (+17.9%), Slovakia (+11.9%), Latvia (+8.3%), Malta (+7.7%) and the Czech Republic (+7.2%).
Croatia, like Poland, recorded a 3.9% increase in industrial production in July 2015 compared with July 2014. In June 2015 compared with June 2014, Croatian industrial output rose by 1.6%.
Similar increases were observed in Hungary (+3.4%), Slovenia (+3.3%) and Romania (+3.8%). Decreases were recorded in Estonia (-5.9%), the Netherlands (-4.4%), Greece (-1.5%) , France and Finland (both -1.4%).