Analysts: October retail sales fell short of expectations

By: Trademagazin editor Date: 2020. 12. 04. 11:55

Analysts interviewed by MTI were disappointed by the development of retail sales in October and are also seen as a bad sign for economic growth in the fourth quarter.

According to a report by the Central Statistical Office (KSH) published on Thursday, in October, according to raw data, the turnover of retail stores at constant prices decreased by 2.4 percent and calendar effect adjusted by 1.9 percent, compared to a year before. Compared to the previous month, the seasonally and calendar-adjusted volume of retail store turnover increased by 1.2 percent. (MTI)