Croatian industrial production expected to be down again in August

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

Harmonized indices of consumer prices August 2010

Euro area annual inflation was 1.6% in August 2010, down from 1.7% in July EU annual inflation was 2% in August 2010, down from 2.1% in july.

An annual rate measures the price change between the current month and the same month of the previous year. This measure is responsive to recent changes in price levels but can be influenced by one-off effects in either month. A 12-month average rate overcomes this volatility by comparing average Harmonized Indices of Consumer Prices (HICPs) in the latest 12 months to the average of the previous 12 months. This measure is less sensitive to transient changes in prices.

News source: Eurostat link: publication