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Retail Sales Up 3.7% in Hungary

• 7 Jun 2024 10:41 AM
• Hungary Matters

Retail sales in Hungary rose by an annual 3.7% in April, the Central Statistical Office (KSH) said. Retail sales were up by an annual 3.2% when adjusted for calendar-year effects.

Adjusted food sales rose by 3.6%, non-food sales increased by 4.3%, and vehicle fuel sales were up by 2.0%. Month on month, retail sales edged down by 0.9% when adjusted for seasonal and calendar year effects.

Between January and April, retail sales rose by an adjusted 2.4% from the same period a year earlier.

Commenting on the data, the national economy ministry said consumption is in the recovery phase as a result of government measures to bring down inflation.

Looking ahead, economic growth will resume this year, reaching 2.5% this year and 4.1% in 2025, supported by expanding consumption and the further strengthening of retail sales, the ministry added in a statement.

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Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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