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Croatia's consumer confidence improves in September

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

ZAGREB (Croatia), October 23 (SeeNews) - Croatia's consumer confidence index recovered by 1.5 percentage points month-on-month in September and was also 3.8 points higher compared to the year-earlier level, the central bank said.

September was second straight month of improving consumer confidence in Croatia, which last worsened in July.

The index tracking consumer expectations also improved in September, rising by 1.1 percentage points month-on-month and climbing up by 6.1 points year-on-year, the central bank, HNB, said in a monthly consumer confidence survey published earlier this week.

In accord, the consumer sentiment index went up by 0.8 percentage points month-on-month in September and was up by 5.5 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-September improved by just 0.1 percentage point compared to the consumer survey conducted in August, but was up by 8.4 points year-on-year.

Regarding their expectations for the next 12 months, consumers were somewhat more optimistic in September than a month earlier, with the index advancing by 0.8 points, while compared to September 2018 it was up by 7.7 points.

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

  September 2019 August 2019 September 2018
Consumer confidence  -4.1 -5.6 -7.9
Consumer expectations  -1.0 -2.1 -7.1
Consumer sentiment   -11.5 -12.3 -17.0
General economic situation in the past 12 months   -20.6 -20.7 -29.0
Expected economic situation in the next 12 months   -10.6 -11.4 -18.3