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Croatia's consumer confidence worsens m/m in July

Author Annie Tsoneva
Croatia's consumer confidence worsens m/m in July Kras d.d.

ZAGREB (Croatia), August 6 (SeeNews) - Croatia's consumer confidence index worsened by 1.4 percentage points month-on-month in July but improved by 9.0 percentage points compared to its year-ago level, central bank data showed on Friday.

The index tracking consumer expectations also deteriorated on a monthly comparison basis in July - by 3.0 percentage points, while in annual terms it was up by 12.4 points than in July 2020, according to data published by the central bank, HNB.

In July, the consumer sentiment index worsened by 2.1 percentage points month-on-month and improved by 1.0 point year-on-year.

At the same time, the consumers’ opinion about the development of the general economic situation in Croatia over the past 12 months improved by 0.5 percentage points month on-month and by 3.7 points year-on-year.

Regarding their expectations for the economy in the next 12 months consumers more optimistic in July than they had been a month earlier, with the index gaining 0.2 points. Compared to July 2020, the improvement amounted to 8.5 percentage points.

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

July 2021 June 2021 July 2020
Consumer confidence -9.0 -7.6 -18
Consumer expectations -6.0 -3.0 -18.4
Consumer sentiment -26.6 -24.5 -27.6
General economic situation in the past 12 months -7.9 -8.4 -11.6
Expected economic situation in the next 12 months +5.4 +5.2 -3.1