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Financial News: Hungary Retail Sales Growth Eases More Than Expected

Hungary Retail Sales Growth Eases More Than Expected

04/04/2017 - 03:23:00 (RTTNews)

(RTTNews) - Hungary's retail sales growth eased at a faster-than-expected rate in February after accelerating in the previous month, preliminary figures from the Hungarian Central Statistical Office showed Tuesday.

The volume of retail sales rose a calendar-adjusted 1.2 percent year-over-year in February, much slower than the 3.8 percent climb in January.

Economists had expected the growth to moderate to 3.5 percent.

Sales of non-food products grew 3.1 percent annually in February and those of food, drinks and tobacco products edged up by 0.2 percent.

During the first two months of the year, total retail sales advanced 2.5 percent compared with the corresponding period last year.

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