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Financial News: Hungary Retail Sales Growth Slows In December

Hungary Retail Sales Growth Slows In December

02/05/2020 - 08:36:00 (RTTNews)

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

Retail sales grew a calendar-adjusted 6.1 percent year-on-year in December after a 7.3 percent increase in November. The pace of growth was the slowest since September.

Sales food, drinks and tobacco increased 4.7 percent and those of non-food products grew 8.6 percent. Automotive fuel sales climbed 2.6 percent.

On a non-adjusted basis, retail sales rose 6.7 percent year-on-year in December after a 6.8 percent increase in the previous month.

In the January to December period, retail sales rose 6 percent in both calendar-adjusted and non-adjusted series.

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