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Financial News: Hungary Retail Sales Growth Slowest In 11 Months

Hungary Retail Sales Growth Slowest In 11 Months

05/06/2020 - 10:31:00 (RTTNews)

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

Retail sales rose by a calendar-adjusted 3.5 percent year-on-year in March, after a 11.2 percent increase in February.

The latest growth in sales was the lowest since May last year, when sales rose 2.6 percent.

Sales of non-food products grew 12.7 percent annually in March and sales of food, drinks and tobacco rose 0.5 percent.

Meanwhile, sales of automotive fuel decreased by 16.7 percent.

On a non-adjusted basis, retail sales rose 7.5 percent annually in March, following a 4.4 percent increase in the previous month.

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