Croatia's February retail sales up 3.2% y-o-y

Retail sales in Croatia in February 2016, compared with February 2015, rose by 3.2% in real terms and by 1.6% in nominal terms, which was faster than the previous month and a higher increase than expected, figures released by the National Bureau of Statistics (DZS) on Friday show.

In February 2016, compared with January 2016, retail sales went up by 0.4% in real terms and by 0.1% in nominal terms, while in January 2016, compared with January 2015, retail sales increased by 2.9%.

Four economic analysts polled by Hina had projected an average increase in retail sales in February of 2.5%, their projections ranging from 1.8% to 3.2%.

February 2016 was the 18th month in a row to record a rise in retail sales.

Analysts at Raiffeisenbank Austria (RBA) said in their comment on the DZS report that they expected a further rise in retail sales in the coming months, as indicated by a consumer confidence survey.

(Text: Hina)

News