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Croatia's consumption growth decelerated to 1% in May

ZAGREB, July 4 (Hina) - Croatia's retail trade turnover grew by 1.0% in May on the year, the National Bureau for Statistics (DZS) reported on Monday.

According to the DZS, the retail trade in May rose 4.3% nominally and 1.0% really year on year, which was below the expectations of macroeconomic analysts polled by Hina.

The analysts' forecasts of consumption growth ranged between 1% and 2.8%.

Given that retail trade went up 3.7% in April, May's figures showed deceleration in consumption growth.

The results in April were mainly ascribed to the late Easter holidays.

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