Croatia Retail Sales Down in March

Retail

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Croatia's retail sales volume fell by a real 1.3% year-on-year in March, following an increase of 0.4% in February, the Croatian Bureau of Statistics (Crostat) said on Friday, quoting working-day adjusted figures.

Sales of food, beverages, and tobacco decreased 3.2% (vs 0.8% gain in February).

In contrast, sales rebounded for non-food products (1.7% vs -2.3%).

On a monthly basis, seasonally- and working-day adjusted retail sales volume dipped 0.9% in real terms in March, after they stagnated in February.

Data from the Zagreb-based statistics agency showed also that the country's industrial output dipped 0.7% on the year in March, following a decline of 1.7% in February.

On a monthly basis, industrial production rose 1.2% in March, after it added 0.7% in February, according to seasonally and working day-adjusted data. In the first quarter of 2023, Croatia's industrial output fell 1.7% on the year.

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