Analysts: the rise in wages lays the foundations for retail sales growth
In July, after two months of modest growth, retail business turnover increased dynamically again. The double-digit wage growth predicting continued sustained growth in consumption and retail, thereby remaining an important driver of economic growth (GDP), analysts told MTI, commenting the latest report of KSH.
According to the Central Statistical Office (KSH), retail trade turnover in July was 6.9 percent higher than a year before according to raw data. Adjusted for calendar effects, it was 6.4 percent higher than in the same period of the previous year. (MTI)
Related news
KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >Significant expansion in live cattle exports, decline in beef exports
According to the AKI’s slaughter statistics data, cattle slaughter in…
Read more >Egg prices at the packing point have decreased in Hungary
According to data from the European Commission, the packing point…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >