Croatia's retail sales down for 11th month straight

It was the 11th straight month in a row that the volume of retail trade declined due to the coronavirus crisis, albeit at a slower rate than in previous months. It was the lowest year-on-year decrease since March 2020. In December 2020, it fell by 3.2 percent.

Analysts at Raiffeisenbank Austria (RBA) said they expected retail sales to increase at a rate of 4.5 percent this year on the back of the improving pandemic situation, the accelerated rate of mass vaccination, and the summer tourist season.