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Favourable retail trade outcome in September

4.11.2016 14:30:00 | Autor/Izvor RBA analitičari, Croatia

According to the first CBS results real retail trade growth in September amounted to 4.5% yoy, thus confirming the positive trend over the last two years. Besides strong base effect such favorable retail trade performance was strongly spurred by excellent results in tourism and recent improvements on the labor market as well. In the last quarter of this year positive trends are expected to continue, additionally supported by a deflationary environment which positively affects personal disposable income. Consequently we expect spill-over effect on personal consumption, thus bringing a positive contribution to GDP growth.

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