Select Page

Hungary retail sales up 4.7 pc in August

Hungary retail sales up 4.7 pc in August

Budapest, October 5 (MTI) – Retail sales in Hungary climbed by 4.7 percent in August from the same month a year earlier, preliminary data released by the Central Statistics Office (KSH) on Monday show.

The increase was the same when adjusted for calendar year effects.

The unadjusted rise was down from 6.8 percent in July.

Adjusted food sales climbed 3.7 percent in August, non-food sales were up 4.6 percent and fuel sales increased 7.4 percent.

In January-August 2015, retail sales were up an unadjusted 6.0 percent and an adjusted 6.1 percent.

KSH noted that legislation requiring most big retailers to remain closed on Sundays came into force in the middle of March, but said that more time and data were needed to gauge the effects of the new rule.

It is thanks to a combination of growing consumer confidence, record employment and a higher number of employees in the retail sector that retail turnover continued to expand, Bela Glattfelder, state secretary of the economy ministry, told public television’s news channel M1. He added that real personal incomes had grown by a significant degree and people had more money to spend.

Source: http://mtva.hu/hu/hungary-matters

Leave a reply

Your email address will not be published.

Newsletter

Newsletter

Subscribe to our newsletter.

Recommended
Social Media Auto Publish Powered By : XYZScripts.com

Pin It on Pinterest