The recovery of retail trade may take two to three years

The Hungarian merchant’s turnover declines steadily since 40 months. Finally in July this year a 1.7 percent increase in sales occurred, compared to July 2009. The decrease, however, continues, only the dynamics of the decrease broke.

The experts interviewed by Pénzcentrum are also realistic. According to Kozák Ákos, director of GfK; only the dynamics of the decrease was broken in July, however, the decline continues. Vámos György, the Secretary-General of National Trade Association also does not believe that it is the end of the crisis – reports penzcentrum.hu.