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Financial News: Hungary Retail Sales Growth Highest In 11 Months

Hungary Retail Sales Growth Highest In 11 Months

03/04/2020 - 03:35:00 (RTTNews)

(RTTNews) - Hungary's retail sales grew at the fastest pace in eleven months in January, figures from the Hungarian Central Statistical Office showed on Tuesday.

Retail sales grew a calendar-adjusted 7.6 percent year-on-year in January, after a 6.0 percent increase in December.

The latest growth in sales was the fastest since February, when it was 9.2 percent.

Sales of non-food products grew 13.8 percent and those of food, drinks and tobacco and automotive fuel increased by 4.9 percent and 1.4 percent, respectively.

On a non-adjusted basis, retail sales rose 7.6 percent annually in January after a 6.7 percent increase in the previous month.

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