Page 47 - SE Outlook Regions 2023

employed in industry in October 2022 was up 0.3% m/m and down
0.2% y/y.

At the same time, Croatia's industrial sales increased by 24.7% y/y in
September, after rising by 25.2% year-on-year in the previous month.
The overall rise was mainly backed by the increase in the energy sector
that went up by 96.1% y/y, after rising by 143.6% y/y the previous
month. In the durable consumer goods sector, sales increased by 9.9%
y/y, after rising by 6.1% y/y in the previous month.

Sales in the intermediate goods sector increased by 21.1% y/y,
accelerating from the 16.4% y/y hike in August. The non-durable
consumer goods sector posted a 20.4% annual rise, after increasing by
17% y/y. The capital goods sector increased by 12.3% y/y, after rising
by 14.9% y/y. Through September, industrial sales increased by 23.1%
y/y.

Croatia’s industrial production price index (PPI) increased 17.9% year
on year in October, after rising by 22.16% y/y in the previous month.
The PPI index for total industry, excluding energy, increased 10.6% y/y
and moved up 0.8% on the month. Producer prices in the mining and
quarrying sector jumped 43.4% y/y and went down 10.2% m/m. In the
key manufacturing sector, Croatia’s PPI index increased by 12.4% y/y
and moved up 0.9% m/m.

The PPI in the electricity, gas, steam and air-conditioning sector
increased 63.9% y/y and rose by 5% m/m. In the water supply,
sewerage and waste management sector the PPI was higher by 1.6%
y/y and unchanged m/m.

47 SE Outlook 2023 www.intellinews.com