(Photo: Hrvoje Jelavic/PIXSELL) (Photo: Hrvoje Jelavic/PIXSELL)

At the same time, according to a European Commission report released on Tuesday, managers expect to employ new workers.

The Economic Sentiment Indicator (ESI) for Croatia decreased by 2.3 points in September compared to August, slipping to 88.6, the Commission's regular report shows.

In August it jumped by 7.7 points, signalling a strong wave of optimism after stringent lockdown measures against the coronavirus were lifted in order to accomodate the summer tourism season. Those same stringent measures earlier in the year led to the ESI sinking to a record low of 72.3 points in April.

By far the biggest deterioration in expectations among managers in September occurred in the services sector, which is obvious in the drop in the relevant index by 4.8 points after jumping by 19.3 points in August.

The consumer confidence index deteriorated too, by 3.8 points.

Source: HINA