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Croatia retail sales rise at record pace in April

Retail

Photo by STEKLO / Shutterstock.com

Croatia's retail sales surged 34.4% from a year earlier in April, following a 14.2% increase in the prior month, data from the Zagreb-based Croatian Bureau of Statistics (Crostat), marking the highest growth rate ever, given the low baseline effects from the pandemic outbreak.

Main upward pressure came from sales of non-food products (69.5% vs 33.7% in March) and a rebound in retail trade of food beverages & tobacco (12.0% vs -4.8%).

On a monthly comparison basis, seasonally- and working-day adjusted retail sales fell by 2.1% in April, after decreasing by 1.9% in March. Croatia's retail sales fell by a real 5.8% in terms of volume in 2020.

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