Expectations for the Croatian economy slightly improved in November for the first time in five months, a survey by the German economic research institute ZEW and Austria's Erste Bank shows.
The economic sentiment indicator for Croatia increased by a modest 2.4 points from October, reaching 14.8 points in November. This was the first increase since June when it had reached 58.3 points, its highest level in nearly six years.
The positive value of the indicator shows that optimistic expectations continue to prevail.
Improvements were recorded in the entire Central and Eastern Europe region, except in Romania whose economic sentiment indicator sank by 20.4 points. The survey covered Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia and Turkey.
The economic sentiment indicator for Turkey increased the most, by 34.1 points. It was followed by Poland (whose indicator increased by 17.1 points), the Czech Republic (13.2 points) and Slovakia (12.9 points).
The economic sentiment indicator for the entire region again moved to positive territory, jumping by 23.9 points to 23.8 points.
The current state of the Croatian economy was assessed as worse than in October. Its corresponding indicator fell by 5.8 points to -39.2 points. The negative value of the indicator means that negative assessments prevail.
The indicators of experts' assessment of the current economic situation decreased the most for the Slovak and Czech economies, by 10.2 and 9.1 points respectively. The assessment of the Romanian economy remained unchanged.
Compared with October, the assessment of the current economic situation improved the most for the Hungarian and Turkish economies, their indicators increasing by 19.7 and 17.2 points respectively.
The indicator of experts' assessment of the current economic situation for the CEE region has improved by 19.1 points and now stands at 14.3 points, the survey says.