RAPID GROWTH IN INDUSTRIAL PRODUCTION EXPECTED IN CROATIA

CROATIA $ ZAGREB, Sept 8 (Hina) - A rapid and significant growth in the industrial production is expected in Croatia this autumn according to the steady upward movement of the CROLEI index, the Croatian finance ministry has said. CROLEI index shows the trend of global economic activities and industrial production. This complex index, made together by the finance ministry and the faculty of economy in Zagreb, shows the trend of indicators important for a short-term forecast of developments in economic activities in Croatia. It consists of an index of industrial raw material stocks, the number of people on the dole, the number of hours of work in the construction industry, the total value of contracted construction works in the country, retail sales and wholesale trade, the raw materials import, material outlays of public services, incomes of citizens from selling and services and the M1 money supply. (hina) jn mš 081234 MET sep 97