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Croatia's industrial output rises in November for 3rd straight month

ZAGREB, Dec 29 (Hina) - Croatia's industrial production jumped 2.8% in November compared to November 2013, rising for three months in a row, according to figures released by the Central Bureau of Statistic (DZS) on Monday.

The seasonally adjusted data show that Croatia's industrial output in November rose 2.7% from October, and the working-day adjusted statistics show a rise of 2.8% on the year.

October saw a 2.7% increase in industrial production year on year, and September a rise of 3.8%.

Raiffeisenbank Austria analysts have said in their comment that DZS figures confirm their projections of positive growth rates in Croatia's industrial production.

The biggest jump of 14.7% was registered in the production of consumer durables, and a 5.1% increase was registered in the production of consumer non-durables.

Energy production went up by 3.2% and the production of intermediate goods by 1.3%.

On the other hand, the manufacturing of capital goods went down by 6.7% year on year in November.

In the first 11 months of 2014, Croatia's industrial output increased by 1.0%.

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