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Croatia's industrial output declines in May versus estimates of rise

ZAGREB, June 30 (Hina) - Croatia's industrial production contracted 0.4 percent in May as against the same month the year before, which was contrary to the macro-economists' expectations of a rise in industrial output.

The Central Bureau of Statistics reported on Thursday that this May the country's industrial production declined 2.6 percent in comparison to April 2011 and 0.4 percent in comparison to May 2010.

Macro-economic analysts, interviewed by Hina, had expected a rise of 2.3 percent on the year.

Industrial production contracted 2.4 percent in the first five months of 2011.

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