Analysts say that the halt in retail sales is only transient
The slowdown in retail trade in February could be temporary, according to macroeconomic analysts interviewed by MTI.
Ürmössy Gergely, senior macroeconomic analyst at Erste Bank said that the slowdown in sales growth was also surprising because the rapid wage growth and the steadily improving consumer confidence indicators suggested that retail sales could accelerate this year. He believes that the data is not a cause for concern, the slowdown could only be temporary, and the growth could accelerate in the coming months. (MTI)
Related news
K&H Analyst Commentary: Retail awaits greater momentum
May was quite bad in stores, especially in food stores,…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >István Nagy: Hungarian melon season starts with good quality melons
Compared to last year, the volume of melon imports has…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >