ADVERTISEMENT

Croatia retail sales fall at faster pace in August

Retail

Photo by Cesarz/Shutterstock

Croatiaʼs retail sales volume decreased by an annual 8.6% in real terms in August, after falling by 6.7% in July as the COVID-19 crisis hit domestic demand, the Croatian Bureau of Statistics (Crostat) said this week, quoting working-day adjusted figures.

Photo by Cesarz/Shutterstock.com

Sales of non-food products were down 2.7% and those of automotive fuel dropped 1.8%.

In addition, food, beverages and tobacco trade fell 0.8% in August, compared to a 0.1% gain in the previous month.

On a monthly comparison basis, seasonally- and working-day adjusted retail sales dropped by 1.1% in August, after edging down by 0.3% in July.

In a separate statement, the Zagreb-based statistics agency said that Croatiaʼs industrial output fell 1.2% from a year earlier in August, following a 1.6% decline in the previous month.

On month, industrial production fell by 1.1% in August, after rising by 2.9% in July. 

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond... Ratings

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond...

EU's New Biometric Entry System Postponed Until November EU

EU's New Biometric Entry System Postponed Until November

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2 HR

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.