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Croatia's consumer confidence slightly improves in August

Author Annie Tsoneva
Croatia's consumer confidence slightly improves in August Garanti BBVA Consumer Finance Source: BSTDB

ZAGREB (Croatia), September 3 (SeeNews) - Croatia's consumer confidence index improved by 0.1 percentage points month-on-month in August and by 5.6 percentage points compared to its year-ago level, central bank data showed.

The index tracking consumer expectations deteriorated by 0.4 percentage points on a monthly comparison basis in August, while in annual terms it was up by 6.6 points compared to August 2020, according to data published by the central bank, HNB, earlier this week.

The consumer sentiment index improved by 4.4 percentage points month-on-month and by 2.2 points year-on-year in August.

At the same time, the consumers’ opinion about the development of the general economic situation in Croatia over the past 12 months improved by 1.6 percentage points month on-month and by 1.4 points year-on-year.

Regarding their expectations for the economy in the next 12 months, consumers were less optimistic in August than they had been a month earlier, with the index falling 3.0 points. Compared to August 2020, the improvement amounted to 2.0 percentage points.

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

August 2021 July 2021 August 2020
Consumer confidence -8.9 -9.0 -14.5
Consumer expectations -6.4 -6.0 -13
Consumer sentiment -22.2 -26.6 -24.4
General economic situation in the past 12 months -6.3 -7.9 -7.7
Expected economic situation in the next 12 months 2.4 5.4 -0.4