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)