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DZS confirms retail sales growth in June, highest increase in 10 yrs

Author: Ivana Tomičić Šušak

ZAGREB, Aug 9 (Hina) - Retail sales in Croatia jumped by 7.8% in real terms in June year on year, continuing a record growth streak of 34 consecutive months and marking the highest growth rate in ten years, according to the National Bureau of Statistics (DZS).

The DZS on Wednesday confirmed its flash estimate of retail trade in June 2017, according to which retail sales increased by 9.4% in nominal terms and by 7.8% in real terms in comparison with June 2016.

It was the highest increase in retail trade since August 2007, when it rose by 10.5%.

Retail sales also increased in relation to May 2017, by 4.1%, while in the first half of 2017, compared with the same period of 2016, they rose by 5% in real terms and by 7.3% in nominal terms.

According to working-day adjusted data, retail sales of non-food products in June increased by 12% in real terms.

(Hina) its

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