News

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CEIZ index for July 2017: GDP growth acceleration in the third quarter of 2017

In July of 2017, the CEIZ index recorded a small increase of 0.01 points compared to June, which means that the economic activity in that month accelerated somewhat when compared to the month before. The index value itself suggests that the Croatian economy will achieve a real GDP growth rate of 2.9 percent in the third quarter compared to the same quarter of the previous year. On a quarterly basis, the index value indicates that the Croatian economy could grow by 1.0 percent in the third quarter of 2017 compared to...

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OVI for August 2017: Labor demand continues to recover; nearly half of new job advertisements represent fixed-term employment

In August of 2017, OVI registered a growth rate of 39 percent when compared to the same month of the previous year, indicating a continuation of strong growth in labor demand. Although seasonally adjusted index values show a mild 0.8 percent increase in labor demand compared to the previous month, this is the lowest growth rate in the last 12 months, excluding November of last year and April and July of this year. However, labor demand recovery is evident from the fact that the average OVI index value in the first...

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IFIS index for the second quarter of 2017: Mildest financial conditions since the beginning of 2005

The values of the IFIS index continued to decrease in the second quarter, indicating a further mitigation of financial conditions. Moreover, the index reached its minimum value in the second quarter of 2017, which leads to the conclusion that the conditions on the Croatian market in the second quarter of 2017 were the mildest ever recorded since we have been monitoring the index movements. Both index components – domestic and foreign – followed the declining trend in the second quarter, while at the end of June, the...

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CEIZ index for June 2017: 2.6 percent GDP growth rate in second quarter

In June of this year, the CEIZ index value fell by 0.4 index points compared to the same period last year which is the lowest annual decrease recorded this year. After the considerably low CEIZ index value in April, which can mostly be attributed to the strong decline in industrial production and reduced VAT revenues, in May and June the index cumulatively grew by 0.6 points. This means that compared to the first quarter, the CEIZ index has increased in the second quarter which suggests an improvement in the business...

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OVI for July 2017: Labor demand slows mildly

In July of 2017, OVI registered a growth rate of 38.6 percent when compared to the same month of the previous year, indicating a continuation of strong growth in labor demand. Seasonally adjusted index values show that the largest positive contribution to the annual increase in job advertisements occurred in October last year, and in February and May this year, while in July of 2017 the contribution was actually negative. Compared to the month before, OVI decreased mildly by -0.4 percent in July. Owing to...