Croatia: Economic sentiment increases in May
Latest reading: Economic sentiment came in at 104.4 in May, up from April’s 103.5. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial, construction and services sectors. Moreover, consumer confidence improved in May. That said, sentiment in the retail sector waned in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in May.