World Economy

Hungary Retail Sales Rise

Hungary Retail Sales RiseHungary Retail Sales Rise

Hungary’s retail sales grew more than expected in June, figures from the Central Statistical Office showed Wednesday, RTT News reported. Retail sales increased by adjusted 5.7% year-on-year in June, the same pace of growth as seen in May, but faster than the expected rise of 5.4%. On an unadjusted basis, retail sales growth eased to 5.7% from 6.8% a month ago. The volume of sales rose by 3.4% in specialized and non-specialized food shops and by 9.7% in non-food retail shops. Sales advanced 3.6% in automotive fuel retailing. During January to June, retail sales increased 5.2% from the same period of last year.