Croatia: Economic sentiment hits highest reading since May in October
Economic sentiment came in at 106.1 in October, up from September’s 105.2. October’s result marked the best performance since May. 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 healthier sentiment in the industrial sector and in the retail sector. That said, confidence in the services and construction sectors weakened in the surveyed month. Finally, consumer confidence was up in October.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in October.