Page 35 - SE Outlook Regions 2022

Industrial production increased 10.5% year on year in September, after
rising by a revised 10.6% y/y in August, according to statistics office
data.

Manufacturing production increased 7.1% y/y in September, after rising
by revised 8.8% y/y in August. Within manufacturing, the biggest y/y
increase was registered for the production of computers and
communication equipment (up 69.8% y/y) and for the manufacturing not
classified anywhere else (up 49.3% y/y) in September. Manufacturing of
drinks posted the biggest decline in September, falling by 40% y/y,
followed by basic metals (down 22.8% y/y).

Mining output increased by 20.1% y/y, after rising by 15.7% y/y in
August.

Utilities output increased by 28.5% y/y in September, following a
revised 19.6% y/y rise in August.

2.4 Macroeconomy - Croatia

Croatia key economic figures and forecasts

2016 2017 2018 2019 2020 2021 2022

Nominal GDP (EUR bn) 47.3 49.9 52.7 55.6 50.2

Real GDP (% yoy) 3.5 3.4 2.9 3.5 -8.1 4.5 4.4

Industrial output (% yoy) -2.6 -10.7 4.4 -1.0 -7.5

Unemployment rate (avg, %) 7.7 6.2 5.3 4.3 5.2 5.2 4.7

Consumer prices (avg, % yoy) -1.1 1.1 1.5 0.8 0.1

Consumer prices (eop, % yoy) 0.2 1.2 0.8 1.4 -0.7 5.5

Current account balance (% of GDP) 3.2 3.5 1.9 3.0 -0.1 0.5 0.3

Official FX reserves (EUR bn) 12.5 15.7 17.4 18.6 18.9

35 SE Outlook 2022 www.intellinews.com