Retail sales in Croatia slow in May

Croatia’s retail sales volume rose 4.3% year on year in real terms in May, following a 5.7% increase in April, the Central Statistics Office (Crostat) said on Thursday, citing figures corrected for working days.

Sales of non-food products increased by 6.7% over one year against 11.9% in April while they remained unchanged for food, beverages and tobacco.

Month-over-month retail sales rose 2.3%, accelerating sharply from the 0.3% rise the previous month.

A separate report from the Zagreb-based agency showed Croatia’s industrial production rose 3% year-on-year in May, improving from a revised 1.7% rise the previous month.

This is the fastest expansion in industrial activity in three months, boosted by manufacturing (3.2%) and the supply of electricity, gas, steam and air conditioning (2. 5%).

On a monthly basis, industrial production rose 0.3%, after a revised decline of 1.1% the previous month.

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