CEIZ index indicates economic recovery

The CEIZ index in October recorded a 0.2-index-point rise compared to the previous month, the Zagreb Institute of Economics reported on Friday, adding that CEIZ and GDP movements indicate an economic recovery.

The CEIZ index has been recording a noticeable growth since June 2014, the institute said adding that since then it had gone up by 2.3 index points.

Coincident Economic Index of the Institute of Economics, Zagreb (CEIZ) is a monthly composite business cycle indicator developed by the Institute of Economics, Zagreb. Its purpose is to provide timely information on the current business cycle condition.

The CEIZ index is useful in three ways. First, it is a single-number business cycle indicator containing information that would otherwise have to be accrued by analyzing a large number of economic series. Second, unlike the GDP series, it provides monthly estimates on the state of the economy, thus providing information on fine changes that took place in a short period of time. Third, the CEIZ index is available one to three months prior to quarterly GDP estimates, meaning that policy-makers and the general public can observe the current state of the economy in a timely fashion.

Last update: Fri, 04/12/2015 - 14:01

More from Business

Adris Group's Jan-Sept net profit HRK 570 mln

In the first nine months of 2016 the Adris Group generated a net profit of HRK 570 million while its total revenue...

Podravka Group posts net profit of HRK 142.2 mn

The Podravka food and pharmaceuticals group generated a net profit of HRK 142.2 million in the first nine months of...

IKEA Croatia increases turnover by 5.8%

IKEA Croatia has generated HRK 567.7 million (without Value Added Tax) in turnover or 72.4 million euro in the 2016 ...

Gauss fastest growing technological company in Croatia

Six Croatian companies - Gauss, Rimac Automobili, Axilis, Telum, Hangar 18 and Serengeti have entered this year's...

Volkswagen files recall plan for 3-litre cars in emissions case

Volkswagen on Monday met a deadline for submitting a revised recall plan for 3-litre engine diesel cars caught up in...