Croatia's industrial production in December plummeted by 6.6 percent compared to December 2017, the sharpest decline in the last two years, showed the data published by the state statistics bureau on Tuesday.

Trends in Croatia’s industrial production have been unstable in the recent period, and out of the last 14 months, 12 of them saw a decline.

Industrial production shrank throughout the whole of 2018, for the first time in four years, the figures showed. As a result, the industrial production in 2018 was down by 1 percent compared to 2017.

The seasonally adjusted data showed that the December industrial output dropped by 2.9 percent compared to November 2018, whereas it plunged by 6.6 percent on the year, falling for six months in a row year-on-year.

The 6.6 percent reduction is the highest after a 14 percent drop was recorded in December 2016.

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