Croatia Consumer Confidence Improves in October

Analysis

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Croatia's consumer confidence index rose by 1.7 percentage points month-on-month in October and improved by 10.6 percentage points compared to the same month of 2022, web portal SeeNews reported citing data from the Croatian National Bank (HNB).

The index tracking consumer expectations went up 1.7 percentage points on a monthly comparison basis in October, while in annual terms it rose by 15.4 points, data showed.

The consumer sentiment index increased by 4.2 percentage points on month and by 4.5 percentage points on year in October.

The consumers' opinion about the development of the general economic situation in Croatia over the past 12 months improved by 5.3 percentage points m/m and was higher by 8.7 points yr/yr in October.

Regarding their expectations about the economy in the next 12 months, consumers were more optimistic in October than they had been a month earlier, with the index grew 0.9 points.

Compared to the same month last year, the index measuring the expectations about the economic situation advanced by 8.7 percentage points. 

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