Croatia among EU countries with highest increase in industrial production in May

In May, Croatia was among the group of European Union (EU) countries with the highest increase in industrial production on the month, along with Lithuania and Portugal, the EU's statistical office Eurostat reported on Tuesday

Croatia's seasonally adjusted industrial production in May, compared with April 2015, increased by 2.6% after it had fallen the month prior to that by 4.1%.

The largest decreases in industrial production were recorded in Ireland (6.9%), followed by the Netherlands and Greece with reductions of 5.7% and 5.1% respectively.

In the EU28, seasonally adjusted industrial production slid 0.3% month on month. The decline was due to production of energy falling by 1.2%, non-durable consumer goods by 0.6% and intermediate goods by 0.2%, while production of durable consumer goods stagnated and that of capital goods rose by 0.6%.

In the EU28, working day adjusted industrial production increased by 2.0% year on year. The increase was due to production of capital goods rising by 4.2%, durable consumer goods by 4.1% and intermediate goods by 2.2%, while non-durable consumer goods fell by 0.4% and energy by 0.9%.

In Croatia, industrial production in May increased by 4.4%, following an increase of 1.2 percentage points the month before, Eurostat said.

The increase of 1.6% in industrial production in the euro area in May 2015, compared with May 2014, was due to production of durable consumer goods rising by 4.8%, capital goods by 4.1% and intermediate goods by 2.2%, while non-durable consumer goods fell by 0.5% and energy by 4.2%.

(Text: Hina)

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