Croatia's industrial output down 4.3% y/y in November.

By bne IntelliNews January 2, 2013
Croatia's industrial production dropped 4.3% on the year in November after declining 5.8% on the year in October, working-day adjusted data released by the statistics office showed. The decline came on the back of negative developments in mining and quarrying, which stepped down by 5.9% on the year and in manufacturing, which shrank an annual 4.5%. November electricity, gas, steam and air conditioning supply output increased by 6% on the year. According to the main industrial group classification, the sectors that contributed for the November annual drop were capital goods, which dropped 18.8%, consumer durables, which went down 8.1%, and consumer non-durables, which shrank 2.1%. Energy went up 7.4%. The seasonally adjusted industrial production rose by 1.1% on the month in November after increasing by a monthly 1% in October.

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