Trademagazin > News and articles > Market News > Analysts: a substantial increase in retail sales is encouraging
Analysts: a substantial increase in retail sales is encouraging
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.
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)
Related news
OECD: Food price inflation fell sharply in most countries
The Paris-based Organization for Economic Cooperation and Development, the OECD,…
Read more >Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on…
Read more >The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of…
Read more >
More related news >
Related news
The global food price decline has stopped
In recent months, global food markets have shown only minor…
Read more >Surprising price drop in the Hungarian pensioners’ price basket
According to the May data of the Mfor Pensioners’ Price…
Read more >A cashier-free shop sells gastronomic products from catch-up settlements
Currently, the country’s only fully automated store operating without a…
Read more >