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Hlipo business optimism index forecasts continuation of downturn in economy

Izvor: HINA
Autor: ;mses;
ZAGREB, June 30 (Hina) - A downward tendency in the Hendal-Lider business optimism index called Hlipo, which started in mid-2008, continued throughout the first half of 2009 with a 0.8 percentage point fall from May to June, when it totalled 88 percentage points.
ZAGREB, June 30 (Hina) - A downward tendency in the Hendal-Lider business optimism index called Hlipo, which started in mid-2008, continued throughout the first half of 2009 with a 0.8 percentage point fall from May to June, when it totalled 88 percentage points.

This indicates negative trends in the coming period, a news conference heard in Zagreb on Tuesday.

The news conference was held on the occasion of the fourth anniversary of the measurement of the Hlipo index.

Over the past four years, when the business climate in Croatia was assessed by this index, Hlipo forecasted future trends in the Croatian economy rather precisely, the Hendal market research agency's director-general, Nevenka Hendrih, said in Zagreb on Tuesday.

(Hina)

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