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Croatia Leads Industrial Recovery Amid Eurozone and EU Decline

In September, industrial production in the Eurozone and the EU experienced a sharp decline, while Croatia witnessed a robust recovery, boasting the highest growth rate among member states in both regions, according to a report by Eurostat.

Based on seasonally adjusted data, industrial production in the Eurozone and the EU fell by 1.1% and 0.9%, respectively, compared to the previous month. In August, production had increased by 0.6% in both areas.

The most significant drop in the Eurozone was observed in the production of durable and non-durable consumer goods, which decreased by 2.1%. In the EU, the largest decline was in the industry of durable consumer goods, down by 2.4%. In August, production had risen by 0.8% in both regions.

Energy production also saw a decrease, with a 1.3% drop in the Eurozone and a 1% decline in the EU, following nearly stagnant figures in the previous month.

The production sector that saw growth was capital goods, increasing by 0.3% in the Eurozone and 0.4% in the EU.

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