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Pandemic slows Hungary retail sales growth to 4.4 pc in March
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Retail sales in Hungary grew by 4.4 percent in March from the same month a year earlier, slowing from a 10.9 percent increase in February as consumers filled their pantries but spent less on other purchases, data released by the Central Statistical Office (KSH) on Wednesday show.
Retail sales rose by 3.5 percent, adjusted for calendar-year effects. Adjusted food sales were up 12.7 percent and non-food sales edged up 0.5 percent. Vehicle fuel sales dropped by 16.7 percent.
The Ministry of Innovation and Technology (ITM), commenting on the data, said
the economic fallout of the epidemic and emergency measures showed up across the board in various ways, both positive and negative.
Whereas total retail sales exceeded 1,000 billion forints (EUR 2.8bn) in the previous month, April is expected to decline drastically, the ministry said in a statement.