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CROLEI index up

ZAGREB, Aug 29 (Hina) - CROLEI, the Croatian Leading Economic Indicator, rose by 0.47 percent in June in relation to May, the Croatian Finance Ministry reported on Tuesday.
ZAGREB, Aug 29 (Hina) - CROLEI, the Croatian Leading Economic Indicator, rose by 0.47 percent in June in relation to May, the Croatian Finance Ministry reported on Tuesday.

This rise together with the previous five consecutive growths indicates a steady growth in the industrial activities in the fourth quarter of this year, the ministry said.

CROLEI is a composite index aimed at forecasting overall economic activities.

It consists of 11 indicators, and six of them showed a rise in June this year in comparison to May.

Elements showing a rise on a monthly basis were the number of overnight stays, retail, income of the state, county and municipal budgets, total liquid assets, cash, deposits and savings in kuna placed with commercial banks.

The CROLEI Index is a joint product of the Zagreb-based Institute and the Croatian Finance Ministry.

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