Croatian industrial output jumps 3.5% in March

Croatia's industrial production increased by 3.5% in March compared to March 2014, the national statistical office stated on Wednesday.

This was a higher rise than the industrial output's rise of 1.9% in February and also higher than expected by four analysts polled by Hina whose forecasts have ranged between + 0.5% to +1.5%.

The working-day adjusted statistics showed the annual rise of 3.5% in industrial production, while seasonally adjusted statistics indicated a rise of 2.5% this March compared to February 2015.

This increase was on the back of 11.1% rise in the energy production.

January saw a decrease of 5% compared to January 2014. Industrial output in January and February 2015 went down by 1.5% compared to the two corresponding months in 2014.

Throughout 2014, industrial production rebounded by 1.3% compared to 2013, and this was its first increase after five years of its decline.

(Hina)

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