Trademagazin > News and articles > Market News > Analysts: retail started well in the fourth quarter
Analysts: retail started well in the fourth quarter
The higher-than-expected growth in retail sales in October marks an encouraging start to GDP growth in the fourth quarter, with the services sector remaining the only area to make a meaningful positive contribution to growth.
Year-end benefits and holiday purchases, as well as wage increases and government benefits early next year, will ensure continued dynamic growth, analysts who told MTI commented on the latest data released on Friday.
According to a report by the Central Statistical Office (KSH) the volume of retail trade sales increased by 5.7 percent in October after 5.8 percent in September. (MTI)
Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >2024 could already be the year of growth in retail
This year could be the year of growth in Hungary…
Read more >
More related news >
Related news
Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the…
Read more >IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >