Industrial output in Croatia in December 2015 grew for the 11th consecutive month, which had not been recorded since 2007, two years before the start of a six-year recession. However, both according to working-day and seasonally adjusted data, industrial output in December dropped 1.2% from November, shows the Eurostat report.
In the 28-member EU industrial output in December dropped 0.8% from the same month the year before, according to working-day adjusted data. In the euro area it dropped 1.3%.
The drop in industrial production in December constitutes a reverse trend since in the second half of 2015, industrial output in the EU grew at rates ranging from 1.6% to 2.5%. In the euro area, it grew at similar rates.
in 2015, industrial output in the EU grew by 1.7% on average and by 1.4% in the euro area, shows the Eurostat report.
In Croatia, according to figures from the national statistical office, industrial output in 2015 grew by 2.6%, going up for the second year in a row and at a higher rate than in 2014, when it rose 1.3%.