Analysts: last November’s retail sales fell short of expectations

Analysts told MTI that retail sales fell short of expectations last year due to declining fuel consumption, lower-than-expected discounts and high inflation.

According to a report by the Central Statistical Office (KSH) on Friday, retail sales rose 3.8 percent in November last year after 5.8 percent in September and 5.7 percent in October.

According to Virovácz Péter, chief analyst at ING Bank, the retail sales data in November fell significantly short of expectations, and the decline from the previous month was last seen more than half a year ago. This also means that a relatively long-lasting positive trend broke in November. (MTI)