Croatia's industrial output up 4.4% in May

Croatia's industrial production grew 4.4% in May on the year, and May was the fourth straight month with a positive growth, according to figures released by the Croatian national statistics office on Monday.

The seasonally adjusted data show that the country's industrial production in May rose by 2.7% from April and working-day adjusted figures show a rise of 4.4% year-on-year.

This was the highest rise since December 2014. In April, industrial output increased by 1.2% on the year.

Analysts forecast that industrial output will go up by 1.5% overall in 2015.

In 2014, industrial output rebounded 1.3% compared to 2013. This was the first positive growth in industrial production after five years of its decline.

(Hina) ms

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