Effects of the COVID-19 pandemic on socioeconomic indicators

INDUSTRY

INDUSTRIAL PRODUCTION, FEBRUARY 2023

The COVID-19 epidemic has left severe negative consequences on the economy, even though almost all epidemiological measures have been suspended in the Republic of Croatia. The working-day adjusted industrial production in February 2023 decreased by 1.7% compared to the same month of the previous year. Compared to January 2023, the total seasonally and working-day adjusted industrial production increased by 0.7%.

Observing the annual growth rates according to the Main Industrial Groupings (MIGs 2009), industrial production decreased in three out of five aggregates. The largest decrease was recorded in Intermediate goods (AI), of 8.2%, namely in divisions 20 Manufacture of chemicals and chemical products, of 32.9%, and 13 Manufacture of textiles, of 27.1%. Durable consumer goods (CD) followed, with a decrease of 6.8%, and Non-durable consumer goods (CN), with a decrease of 3.2%.

The calculation of the MIGs 2009. aggregates for the industrial production volume index was done by grouping of the NKD 2007. activities at the level of groups or divisions within divisions B, C and D (05.1 – 35.2) as follows, using alphabetic marks of abbreviations:

Al Intermediate goods: the NKD 2007. divisions and groups: 07 – 09, 10.6, 10.9, 13.1 – 13.3, 16, 17, 20.1 – 20.3, 20.5, 20.6, 22 – 24, 25.5 – 25.7, 25.9, 26.1, 26.8, 27.1 – 27.4 and 27.9
AE Energy: the NKD 2007. divisions: 05, 06, 19 and 35 (excluding 35.3)
BB Capital goods: the NKD 2007. divisions and groups: 25.1 – 25.4, 26.2, 26.3, 26.5, 26.6, 28, 29, 30.1 – 30.4, 32.5 and 33
CD Consumer durables: the NKD 2007. divisions and groups: 26.4, 26.7, 27.5, 30.9, 31, 32.1 and 32.2
CN Consumer non-durables: the NKD 2007. divisions and groups: 10.1 – 10.5, 10.7, 10.8, 11, 12, 13.9, 14, 15, 18, 20.4, 21, 32.3, 32.4 and 32.9.

Additional information:

INDUSTRIAL PRODUCTION VOLUME INDEX AND INDICES OF STOCKS, PERSONS EMPLOYED AND LABOUR PRODUCTIVITY IN INDUSTRY, FEBRUARY 2023
Statistics in line - Industry
PC-Axis Databases- Industry
STS Database - Industrial production volume index