trgovina, hrana.jpg
Photograph: Photo by Clemens v. Vogelsang, used under CC BY

Retail sales in Croatia in December 2015 grew by 4.8% on the year, which is the highest increase of consumption in more than 8 years and the 17th month in a row to see a consumption increase.

The national statistical office on Wednesday released its preliminary estimate showing that according to working-day adjusted statistics, retail sales in December last year grew 3.8% in nominal terms and 4.8% in real terms from the same month of 2014.

The growth rate is much faster than the month before when consumption grew 3.2% on the year and the highest increase of retail sales since September 2007 when it jumped up 7.2%.

The growth rate is also much higher than expected.

Four economic analysts polled by Hina had forecast that consumption would increase by 2.9% on the average, and their estimates ranged from 2.4% to 3.5%. 

A streak of 17 straight months with increasing consumption has not been recorded since 2007, two year before the six-year-long recession started.

Related stories

Consumption expected to go up for 17 straight months

Consumption increases 3.2% in November

Consumption up for 15 straight months

Consumption grows for 21st consecutive month

Consumption in August up 5.1% year on year

Latest news

Merkel calls for fewer EU regulations as nationalist sentiments grow

As voters in the Netherlands, France and Germany show increasing support for nationalist, euro-sceptic political movements ahead of this year's elections, German Chancellor Angela Merkel has called for limits on EU regulations.

French prosecutors transfer Fillon case to investigative judge

The French judiciary has opened a formal investigation in connection with presidential candidate Francois Fillon to examine whether the employment of his wife as a parliamentary employee was a sham, the country's financial prosecutors' office said Friday.

White House bars major news outlets from press briefing

Major news organizations, which were Friday blocked by the White House from attending an informal press briefing, condemned the move just hours after President Donald Trump described parts of the media as "the enemy of the people."

Report: German intelligence spied on BBC, other foreign journalists

Germany's intelligence agency monitored foreign journalists at the BBC, the New York Times and other news organizations from 1999 onwards across several countries, according to a Friday report from Der Spiegel magazine.

Classroom for Islamic religious education opened in Split

A classroom for Islamic religious education, whose equipment was financially assisted by city and county authorities, was opened in the coastal city of Split on Friday.

Ministry say no licences for export of military goods to Saudi Arabia issued in 2016

The Economy, Enterprise and Crafts Ministry on Friday issued a statement regarding media reports about export licences for military goods, stressing that in 2016 it did not issue any licences for the export of military goods to Saudi Arabia.

Croatia for preserving Bosnia's stability

Croatia on Friday supported the stability of Bosnia and Herzegovina (BiH), calling on its authorities to adopt decisions in institutions, after a request by BiH Presidency Bosniak member Bakir Izetbegovic to review a ruling which acquitted Serbia of genocide.

Mexico is not a migrant "waiting room" for US, interior minister says

Mexico will not accept undocumented immigrants from other countries whom the United States plans to deport, Mexico's interior minister said Friday.

Right-wing populist Wilders declines first Dutch election debate

Candidates from nine Dutch parties answered questions from journalists Friday at the first national radio debate of the election campaign, but the leading candidate

Bosnian Croat reps insist on channel airing programmes in Croatian

Being one of the constituent peoples, the Croats in Bosnia and Herzegovina are entitled to a broadcaster that will air programmes in their native language, HNS BiH official Ivan Vukoja said at a news conference in Mostar on Friday.

Same-sex couples in Slovenia can marry

A Slovenian law allowing same-sex couples to marry went into force on Friday and the first civil registrar ceremony, between two women, is to take place in Maribor on Saturday, the town's Vecer daily said.

Moody's changes Agrokor's outlook to negative

The Moody's rating agency on Friday changed its outlook for the Agrokor food retailer from stable to negative, affirming its rating of B3.