Consumption expected to go up for 17 straight months

The national statistical office is due to release on Wednesday its preliminary figures on retail sales in Croatia in December 2015 and economic analysts expect public spending to continue to grow for the 17th month in a row, however at a slower pace than the month before.

Four economic analysts polled by Hina had forecasted that consumption would increase by 2.9%, and their estimates ranged from 2.4% to 3.5%. Should their estimates prove to be correct, the consumption growth rate will be slower than in November when retail sales soared 3.2%.

This however would continue the positive trend, given that a decrease in consumption was last recorded in July 2014.

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

Last update: Wed, 03/02/2016 - 12:47

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