Consumer confidence is key to the growth in demand
According to the survey of Nielsen market research company; Although the turnover of food retail sales decreased, consumer confidence is coming back.
Two thirds of Hungarian consumers switched to buy cheaper food products recently, to reduce their costs. However, due to the improvement of the situation, most of them are planning to return to their previous food consumption habits.
The retail sales of food, cosmetics and household products increased by 4 percent in value and 3 percent in volume, over the first quarter, compared to last year's comparable period.
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