NGM: the growth in household incomes is faster than growth in retail
The strengthening of Hungary is indicated by the increase in household income that exceeds the growth of retail.
The data indicates that the propensity to save of the households remains strong and the possibility of further increase in consumption – according to the communication of the Ministry of National Economy (NGM) sent to MTI on Thursday.
Since January 2010, the retail sales increased by 19.4 percent, while from the beginning of 2014 retail sales increased by 16.3 percent in Hungary. (MTI)
Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Mandatory campaigns are not only in Hungary
Serbia continues the fight against inflation and continues to expand…
Read more >MRSZ Media cake: high inflation took away the growth of the Hungarian advertising market
The figures of the Hungarian Advertising Association (MRSZ) assessing the…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >