Effects of the COVID-19 pandemic on socioeconomic indicators

INDUSTRY

INDUSTRIAL TURNOVER, MAY 2020

The gradual loosening of the measures introduced to prevent the spread of the COVID-19 pandemic has not led to a significant increase in industrial turnover. The total seasonally and working-day adjusted industrial turnover in the Republic of Croatia in May 2020, as compared to April 2020, increased by 0.9%, while the total working-day adjusted industrial turnover in the Republic of Croatia decreased by 16.2% in May 2020, as compared to May 2019.

According to the Main Industrial Groupings (MIGs 2009), the largest decrease, of 28.5%, was recorded in Durable consumer goods (CD), mostly in the manufacture of furniture. Capital goods (BB) also decreased, by 25.1%, which was mostly affected by a decrease in turnover in the following sections: manufacture of fabricated metal products, except machinery and equipment, manufacture of machinery and equipment, manufacture of motor vehicles, trailers and semi-trailers, and manufacture of other transport equipment. A decrease was also recorded in other aggregates; therefore, Intermediate goods (AI) decreased by 17.7% and Non-durable consumer goods (CN) by 17.5%.

The decrease in industrial turnover was recorded both on the domestic (-12.4%) and non-domestic market (-23.8%).

The calculation of the MIGs 2009. aggregates was done by grouping of the NKD 2007. activities at the level of groups or divisions within sections B and C (05.1 – 33.2) as follows, using alphabetic marks of abbreviations, was done as follows:

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 and 19
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 TURNOVER INDEX, MAY 2020
PC-Axis Databases - Industry
STS Database - Industrial turnover index