NGM is satisfied with the increase in retail turnover Visszajelzés küldése Oldalsó panelek Előzmények Mentve Fordítási találatok állnak rendelkezésre
The March slowdown in retail sales is merely a temporary, technical phenomenon, the background of which is the Easter effect, meaning that in 2024 Easter fell at the end of March, while this year it fell in the second half of April, so the effect of Easter shopping was fully felt in April this year – the Ministry of National Economy (NGM) stated in its commentary on the latest data on Wednesday.
Based on online cash register data, the Ministry of National Economy expects the most dynamic growth of the year so far in April, with a level of up to 5-6 percent. The two months should therefore be examined together, based on which the expansion of retail sales remains clear, which is also supported by the government’s price-cutting measures and the strengthening of consumer confidence – the statement said.
The analysis cites the data of the Central Statistical Office (KSH) adjusted for calendar effects, based on which the volume of retail trade in March 2025 decreased by 0.4 percent compared to the same period of the previous year, according to the raw data, and exceeded the same period of the previous year by 0.4 percent when adjusted for calendar effects (and Easter effects).
The volume of sales adjusted for calendar effects in food and food-type mixed stores increased by 1.2 percent, while in non-food retail trade by 5.9 percent compared to the same period of the previous year. According to the data adjusted for seasonal and calendar effects, the volume of retail trade fell by 0.5 percent compared to the previous month.
“This can only be considered a temporary halt, which resulted from the Easter effect,”
– the Ministry of Agriculture and Rural Development reiterated. Easter has a particularly significant impact on the shopping habits of Hungarian households, with households’ consumption of food and food-related products increasing significantly in the 1-2 weeks preceding the holiday. In 2024, Easter fell at the end of March, while this year it fell in the second half of April, so the impact of Easter shopping sprees was fully felt in April this year.
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