Foreign demand is not strong enough to supplement weak domestic demand and reverse the negative trends in Croatia's industrial production, say analysts in anticipation of August's results.
Although the majority of European economies have left the recession, their demand - while having a positive influence on Croatian exports - is not big enough to encourage growth of industrial production. July was the first time trade registered a slight positive growth of 0.7 per cent after 21 months of consecutive drops.
August's results are expected to be slightly better than those in July when industrial production was 1.8 per cent lower than the same month last year. Analysts expect a year on year drop of 0.9 per for August, the portal Business writes.
News source: Croatiantimes.com link: article
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