Economic sentiment in Croatia in Dec 2015 reaches record high

Economic sentiment markedly improved in Croatia in December 2015, reaching a record level thanks to confidence in the services and industry sectors, and the European Union as a whole also recorded an improvement, the European Commission said on Thursday.

The Economic Sentiment Indicator (ESI) for Croatia last month reached 127.2 points, its highest level since the Commission started monitoring it for Croatia. It was up 2.7 points from November and surpassed the previous record of 124.6 points, recorded in October.

The improvement was mainly due to stronger services confidence, which reached 19.7 points (+3.3 points from November). Industry confidence increased by 2.7 points to 6.5, construction confidence increased by 2.2 points to -13.2, and retail trade confidence increased by 2 points to 12 points.

Only consumer confidence deteriorated in December, decreasing by 1.3 points to -18.

In the EU28, ESI improved by 1.4 points to 108.9.

Last update: Thu, 07/01/2016 - 16:29

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