Croatian Industrial Production Improvement Highest in EU
- New Europe Investor
- July 16, 2015
Seasonally adjusted figures for industrial production in Croatia showed a 2.6% monthly increase in May.
This was the highest monthly improvement of all EU nations.
The figures, which were released by Eurostat are a marked improvement for Croatia from the previous month, which showed a reduction in industrial production for April of 4.1%.
Europe’s other better performers were Lithuania and Portugal which saw 1.7% and 1% respectively.
Overall, seasonally adjusted figures for EU-28 dropped slightly by 0.3%.
Year on Year
On an annual basis, Malta recorded a 9.5% monthly growth, the highest in the European Union followed by Latvia at 6.5% and Hungary at 6.2%.
Croatia’s growth year on year was 4.4% with the EU showing a 1.2% decline.
Ireland recorded a shrinking in industrial production for May of 6.9% being the European Union’s worst performer.
The Netherlands and Greece saw a drop of 5.7% and 5.1% respectively.
On an annual basis the Netherlands saw a 7.4% decline with Finland and Ireland seeing a 5.1% and 5% decline respectively.