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Croatia's consumer confidence worsens m/m in July

Author Iskra Pavlova
Croatia's consumer confidence worsens m/m in July License: CC0 Creative Commons

ZAGREB (Croatia), August 22 (SeeNews) - Croatia's consumer confidence index fell by 3.9 percentage points month-on-month in July but was 0.6 points higher compared to the year-earlier level, the country's central bank said.

The index tracking consumer expectations also deteriorated in July, dropping by 6.4 percentage points month-on-month and returning to negative territory after a brief recovery in June, the central bank, HNB said earlier this week in a monthly consumer confidence survey. On an annual comparison basis, the consumer expectations index was down by 1.4 points in July.

On the other hand, the consumer sentiment index declined by 5.0 percentage points month-on-month in July but was up by 2.1 points year-on-year.

The consumers’ opinion about the development of the general economic situation in the country over the 12 months to end-July deteriorated by 10.7 percentage points compared to the consumer survey conducted in July, and was down by 0.9 points on the year.

Regarding their expectations for the next 12 months, consumers were much more pessimistic in July than before, with the index dropping by 8.9 points on the month and by 4.5 points in annual terms.

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

  July 2019 June 2019 July 2018
Consumer confidence -6.7 -2.8 -7.3
Consumer expectations -4.6 1.8 -3.2
Consumer sentiment -14.4 -9.4 -16.5
General economic situation in past 12 months -24.5 -13.8 -23.6
Economic situations expectations in next 12 months -13.9 -5.0 -9.4