GfK: Consumer confidence in Croatia continues to fall

The GfK Consumer Confidence Index in Croatia saw a further decline in June, reaching an all-time low of 34.41 points, as against 37.75 points in March, the market research agency GfK Croatia said this past week.

The index component that measures the consumption inclination dropped from 44.29 points in March to 37.9 points in June. The component measuring the assessment of the present financial situation slid by five points.

After a slight decrease in March, future income expectations slightly increased in June, but without any significant impact on the index.

Overall, consumer confidence continues to be affected by the recession with a deteriorating tendency, GfK said.

The Consumer Confidence Index was measured on a sample of 1,000 people. The index has a scale of 0 to 100, with values above 50 representing an upward phase of the economic cycle. (Hina)