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Financial News: Hungary Retail Sales Growth Highest In 9 Months

Hungary Retail Sales Growth Highest In 9 Months

01/07/2020 - 06:30:00 (RTTNews)

(RTTNews) - Hungary retail sales grew at the fastest pace in nine months in November, data from the Hungarian Central Statistical Office showed on Tuesday.

Retail sales rose 7.3 percent year-on-year in November, following a 6.2 percent increase in October.

The latest increase in sales was the highest since February, when it was 8.4 percent.

Sales in non-food grew 13.0 percent annually in November and those in specialized and non-specialized food shops, and automotive fuels rose by 4.5 percent and 1.7 percent, respectively.

On an unadjusted basis, retail sales increased 6.8 percent in November, following a 6.2 percent rise in the preceding month.

For the January to November period, retail sales rose 6.0 percent from the same period last year.

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