Current Account in Croatia
Croatia - Current AccountRecently-released national accounts data revealed that the economy lost pace in the second quarter, albeit following an exceptionally robust first-quarter upturn. After logging the strongest expansion in over a decade in Q1, consumer spending softened amid slower wage growth and higher inflation in Q2. Similarly, fixed investment growth cooled, although remained strong nonetheless, while government expenditure picked up, cushioning the overall slowdown somewhat. Meanwhile, the external sector dragged on growth as exports waned amid a decline in merchandise shipments. Looking ahead, upbeat confidence in the services sector and improved sentiment in retail trade in July bode well for business activity at the start of Q3. In other news, the government announced a new round of tax cuts in late July aimed at young people as part of an effort to stem emigration. The measures are set to come into effect next year, which could provide a boost to disposable incomes.
Croatia - Current Account Data
|Current Account (% of GDP)||0.9||1.8||4.6||2.6||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Croatia Current Account Chart
Source: Crotia Central Bank and FocusEconomics calculations.
|Bond Yield||0.62||0.0 %||Sep 04|
|Exchange Rate||6.71||-0.54 %||Sep 04|
|Stock Market||1,869||-0.48 %||Sep 04|
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September 2, 2019
In July, industrial production rose a solid 3.0% in working-day adjusted terms over the same month last year, rebounding from June’s 5.6% plunge.
August 28, 2019
The economy lost momentum in the second quarter, according to detailed GDP data released by Croatia’s Statistical Institute (CBS) on 28 August.
August 16, 2019
Consumer prices declined 0.5% from the previous month in July, following the 0.3% dip recorded in June.
July 30, 2019
In June, industrial production plunged 5.6% in working-day adjusted terms over the same month last year, contrasting May’s soft 0.2% expansion.
July 16, 2019
Consumer prices fell 0.3% from the previous month in June, contrasting the 0.6% increase recorded in May.