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Croatia's consumer confidence flattish in Dec

Croatia's consumer confidence flattish in Dec Boris15/

ZAGREB (Croatia), January 21 (SeeNews) - Croatia's consumer confidence index improved slightly by 0.1 percentage points month-on-month in December and was 3.3 points higher compared to the year-earlier level, the central bank said.

December was the fifth straight month of improving consumer confidence in Croatia.

The index tracking consumer expectations improved month-on-month in December, rising by 2.5 percentage points, whereas in annual terms it rose by 5.2 points, the central bank, HNB, said in a monthly consumer confidence survey published on Monday.

The consumer sentiment index fell by a monthly 1.2 percentage points in December and rose by 3.1 points year-on-year.

Two of the indices remained in the negative territory, while one turned positive.

The consumers’ opinion about the development of the general economic situation in the country over the 12 months through December improved by 2 percentage points compared to the consumer survey conducted in November and was up by 8.6 points year-on-year.

Regarding their expectations for the next 12 months, consumers were more optimistic in November than they had been a month earlier, with the index gaining 4.6 points, while compared to December 2018 it was up by 8.7 points.

Following are the values of the separate indices as presented in HNB's monthly consumer confidence survey:

  December '19 November '19 December '18
Consumer confidence -2.5 -2.6 -5.8
Consumer expectations 1.6 -0.9 -3.6
Consumer sentiment -9.9 -8.7 -13.0
General economic situation in the past 12 months -16.8 -18.8 -25.4
Expected economic situation in the next 12 months -5.3 -9.9 -14.0