Hungary retail sales climb 6.8 pc in May
Budapest, July 5 (MTI) – Retail sales in Hungary rose by an annual 6.8 percent in May, accelerating from a 5.0 percent rise in April, the Central Statistical Office (KSH) said on Tuesday.
Adjusted for calendar-year effects, retail sales were up by 5.7 percent in May, decelerating from 6.7 percent in April.
The adjusted data show food sales rose by 4.4 percent, non-food sales increased by 6.8 percent and vehicle fuel sales jumped by 9.0 percent in May.
In January-May retail sales rose by an unadjusted 5.2 percent and an adjusted 5.1 percent year-on-year.
Takarékbank analyst Gergely Suppán said retail sales growth could near 5 percent for the full year, supported by real wage growth and higher employment.
Erste Bank chief analyst Gergely Urmossy said the data show a strong dynamic, as expected.
Source: MTI
