Croatia: Economic sentiment hits highest reading since January in August
Latest reading: Economic sentiment rose to 105.3 in August from July’s 103.4. August’s result marked the best reading since January. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger confidence in the services sector. On the flip side, sentiment in the industrial, construction and retail sectors deteriorated. Finally, consumer confidence waned in August.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index remained stable in August.