Analysts: a substantial increase in retail sales is encouraging

By: Trademagazin editor Date: 2021. 11. 08. 11:41

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Analysts reporting to MTI were positively surprised by the September retail sales figures, which suggest they could have a positive impact on third-quarter GDP data as well.

Rising retail sales also help GDP growth

According to a report released by the Central Statistical Office (KSH) on Friday, retail sales increased by 5.8 percent in September, according to both raw and calendar-adjusted data.

According to Péter Virovácz, senior analyst at ING Bank, retail sales came as a serious positive surprise in September, with analysts expecting a much more modest expansion. (MTI)