Industrial production in March jumps 6.9 pct

Industrial production in Croatia in March increased 6.9 percent on the year and 5% on the month, the national statistical office said on Friday.

In February, industrial production increased 4.4% on the year.

Four economic analysts polled by Hina had predicted that industrial production in March 2016 would go up 2.8% on the year on average, their predictions ranging from 2.5% to 3%.

March 2016 was the 14th consecutive month in which industrial production increased year on year, which had not been recorded since 2007, two years before a six-year recession.

In the first quarter of 2016, industrial production increased 6.8% on the year. Last year, industrial production increased 2.6% and in 2014 it increased 1.3%.

(Text: Hina)

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