Croatia: Economic sentiment ticks down in February
Economic sentiment came in at 109.6 in February, down from January’s 110.1. 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 weaker sentiment in the industrial and construction sectors. That said, confidence in the services sector improved in February, while sentiment in the retail sector rose in the surveyed month. Lastly, consumer confidence waned in February.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in February.