Eurozone economy expands slightly in second quarter as Croatian consumption growth slows
Preliminary Eurostat figures show mild Q2 growth across the EU, while Croatian retail sales recorded a third consecutive month of slowing growth in June.
The European Union and eurozone economies experienced modest growth during the second quarter of the year, recovering from earlier stagnation, according to preliminary estimates published by Eurostat.
Simultaneously, domestic economic indicators in Croatia showed a deceleration in consumer activity. Data released by the Croatian Bureau of Statistics revealed that retail trade turnover in June grew by 0.4 percent year-on-year. Although this marks the 39th consecutive month of positive growth for Croatian retail sales, it represents the third consecutive month of slowing expansion. The contrasting data highlights broader European economic stabilization alongside easing domestic consumer momentum in specific member states.
Sources: HRT Vijesti