Croatia’s industrial production increased in February, after falling sharply in the previous month, figures from the Croatian Bureau of Statistics showed Tuesday.

Industrial production climbed a working-day-adjusted 1.9 percent year-over-year in February, reversing a 5.0 percent decline at the start of the year. In December, production had risen 5.3 percent.

Production in the manufacturing sector grew 2.7 percent annually in February and mining and quarrying output expanded by 2.5 percent. Meanwhile, energy sector production dipped by 0.9 percent.

On a monthly basis, industrial production rose a seasonally adjusted 3.4 percent in February, in contrast to a 4.0 percent fall in January. It was the first increase in three months.

In the January to February period, industrial production dropped by 1.5 percent as compared to the corresponding period of the prior year.

The material has been provided by InstaForex Company –