World Economy
0

Hungary Retail Sales Rise

Hungary Retail Sales RiseHungary Retail Sales Rise

The volume of retail sales in Hungary in May increased by 7.2% according to raw data, and by 7.8% adjusted for calendar effects compared to May 2017, according to a first estimate of monthly retail data from the Central Statistical Office. The May increases compare to respective raw and adjusted increases of 4.4% and 6.1% in April, HNA reported. The volume of sales in May, adjusted for calendar effects, rose by 5.8% in specialized and non-specialized food shops, by 9.7% in non-food retail shops, and by 8.1% in automotive fuel retail. In January–May 2018, the volume of sales—also according to calendar-adjusted data—was 7.1% higher than in the corresponding period of the previous year. Adjusted food sales were up 4.8%, non-food sales climbed 9.6%, and fuel sales rose 7.9%. Meanwhile, Hungary?s seasonally adjusted purchasing managers’ index fell to 53.0 points in June, down from a revised 55.2 points in May, the Hungarian Association of Logistics, Purchasing and Inventory Management, which compiles the index, said on Monday.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com