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Financial News: Hungary Retail Sales Growth Slows In March

Hungary Retail Sales Growth Slows In March

05/06/2019 - 04:27:00 (RTTNews)

(RTTNews) - Hungary's retail sales growth slowed in March, but the pace remained robust, preliminary data from the Hungarian Central Statistical Office showed on Monday.

The volume of retail sales grew a calendar adjusted 5.9 percent year-on-year following an 8.4 percent surge in February. Economists had forecast a 6.3 percent increase.

Sales rose 1 percent in specialized and non-specialized food shops and jumped by 14.3 percent each in non-food retail shops and in automotive fuel retailing.

On an unadjusted basis, retail sales grew 4.9 percent year-on-year after an 8.4 percent increase in February.

In the January to March period, retail sales rose 5.9 percent on calendar-adjusted basis, and 6.1 percent without adjustments, from the same period last year.

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