Retail trade rises for 11 months in row

Retail trade in Croatia rose by 0.9% this June compared to June 2014, according to preliminary figures released by the Croatian statistical office on Tuesday.

June was the 11th consecutive month with a growing consumption, a record stretch since 2007.

The working-day adjusted statistics show a 0.8 per cent rise in nominal terms, and a 0.9 per cent in real terms compared to June 2014.

This May, consumption grew by 4.1% on the year, a record high since 2007, while June's positive growth was considerable lower than the month before.

The growing consumption and a rise in exports were the two major positive factors for an increase in the country's GDP in the first quarter of 2015, which was the second straight quarter with a positive GDP, thus signalling that Croatia was emerging from the recession.

(Text: Hina)

News