Economic sentiment deteriorates in Croatia and in EU in February

In February, the Economic Sentiment Indicator (ESI) decreased significantly in the European Union, and Croatia also experienced a considerable deterioration in this indicator, according to findings of the European Commission's monthly survey, published on Friday.

The ESI  fell "in both the euro area (by 1.3 points to 103.8) and the EU (by 1.5 points to 105.2), marking its second consecutive decline in 2016.

Croatia's ESI fell from 120.3 points in January to 118.5 points in February, reaching a level registered in November 2014.

"In line with euro-area developments, the decrease of the ESI in the EU (-1.5) was due to deteriorating confidence among consumers (-2.4), in industry (-1.6) and in services (-0.6). However, EU confidence remained almost unchanged in retail trade (-0.1) and decreased also in construction (-0.7). Looking at the largest non-euro area countries, the ESI was broadly stable in Poland (+0.2), but fell significantly in the UK (-1.6)."

In Croatia, confidence plunged in services by 2.5 points to 18.2 points and in industry by 1.6 points to 2.2 points.

Last update: Fri, 24/06/2016 - 08:49

More from Croatia

Defence ministry's 2017 procurement outlays to reach EUR 226 mln

The Defence Ministry presented its procurement plan for 2017 worth HRK 1.7 billion of which HRK 470 million will be...

Croatia to decide on its own whether to join sanctions against Dodik

Croatia will decide on its own whether to join in the US sanctions against Republika Srpska President Milorad Dodik...

Erjavec insists on possible incidents if Croatia rejects border arbitration ruling

Slovenia-Croatia relations might be additionally strained over a ruling to be made by an international border...

EC recommends Croatia's gradual integration into Schengen Information System

The European Commission on Wednesday made a recommendation to the Council of the European Union to gradually...

Plenkovic: It's important for Croatia to postion itself in changed global circumstances

It is important how Croatia will position itself in 2017 against a background of the changed global circumstances,...