Croatia retail sales slow in May

Retail

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Croatia's retail sales volume rose by 4.3% on the year in real terms in May, following an increase of 5.7% in April, the Central Statistical Bureau (Crostat) said on Thursday, quoting working-day adjusted figures.

Sales of non-food products rose 6.7% on year compared to 11.9% in April while remained unchanged for food, beverages, and tobacco.

On a monthly basis, retail sales grew 2.3%, accelerating sharply from a 0.3% rise in the previous month.

A separate report from the Zagreb-based agency showed, that Croatia's industrial production rose by 3% year-on-year in May, improving from a revised 1.7% increase in the previous month.

It was the fastest expansion in industrial activity in three months, boosted by manufacturing (3.2%) and electricity, gas, steam and air conditioning supply (2.5%).

On a monthly basis, industrial production went up 0.3%, following a revised 1.1% fall in the previous month. 

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