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Croatia's consumer confidence improves in August

Author Iskra Pavlova
Croatia's consumer confidence improves in August License: CC0 Creative Commons

ZAGREB (Croatia), September 20 (SeeNews) - Croatia's consumer confidence index recovered by 1.1 percentage points month-on-month in August and was also 0.8 points higher compared to the year-earlier level, the country's central bank said on Friday.

The index tracking consumer expectations also improved in August, rising by 2.5 percentage points month-on-month and climbing up by 0.5 points year-on-year, the central bank, HNB said in a monthly consumer confidence survey.

In accord, the consumer sentiment index went up by 2.1 percentage points month-on-month in August and was up by 1.9 points year-on-year.

The three indices, however, remained in negative territory.

The consumers’ opinion about the development of the general economic situation in the country over the 12 months to end-August improved by 3.8 percentage points compared to the consumer survey conducted in July, and was up by 3.0 points on the year.

Regarding their expectations for the next 12 months, consumers were somewhat more optimistic in August than a month before, with the index advancing by 2.5 points, while compared to August 2018 it was down by 0.8 points.

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

  August 2019 July 2019 August 2018
Consumer confidence -5.6 -6.7 -6.4
Consumer expectations -2.1 -4.6 -2.6
Consumer sentiment  -12.3 -14.4 -14.2
General economic situation in past 12 months  -20.7 -24.5 -23.7
Economic situation expectations in next 12 months  -11.4 -13.9 -10.6