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Strong increase of retail growth in Croatia Strong increase of retail growth in Croatia

Croatia leads European Union in retail growth

By  Aug 04, 2017

Last week state statistics published preliminary data on retail trade in June thus confirmed the continuation of favourable trends in consumer spending which was 5 percent higher compared to the same period last year.

The latest Eurostat data show that in the EU28 countries the seasonally adjusted volume of retail trade rose by 0.4 percent on a monthly basis.

In relation to the rest of the European Union, Croatia is the leading country in terms of the growth dynamics of retail trade with the largest increase of 5.8 percent in retail trade compared to the previous May.

Croatia is followed by Portugal (+2.4%) and Slovenia (+1.7%), whilst the largest decreases were recorded in Lithuania (-1.7%), Latvia (-0.8%) and Bulgaria (-0.5%).

Furthermore, retail trade volume rose by 3.1 percent in the EU28 on an annual basis. The highest increases in the total retail trade volume were recorded in Slovenia (+10.2%), Croatia (+8.2%) and Slovakia (+8.1%), whilst the largest decrease was recorded in Luxembourg (-25.8%).

After a decline in consumer optimism in April, these indicators recovered in May and June, partly due to expectations of record tourism results with positive effects on personal consumption, household income, etc.

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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