Europe is slowing down, but we aren’t
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2019/10/Kov%C3%A1cs-Gergely_opt-200x300.jpeg)
Gergely Kovács
client executive
Nielsen
Like-for-like retail sales augmented by 3.4 percent in Europe in the 2nd quarter of 2019. The sales growth in this period was 7.7 percent in Hungary – this was the second fastest growth rate on the continent, behind Turkey’s plus 19.2 percent, reveals the quarterly Nielsen Growth Reporter.
Europe is showing the signs of economic slowdown. Prices elevated by 5.6 percent in Hungary and they grew by 2.9 percent in Europe. The Hungarian food market expanded by 8.1 percent in value; the drug market produced a 5.8-percent sales growth. Nielsen’s client executive Gergely Kovács told: The Hungarian FMCG sector is doing exceptionally well. Although shoppers are more afraid of growing prices than before, this fear doesn’t manifest in market trends. //
Related news
London analysts: the chance of a European recession this year is 40 percent due to the risk of the Russian gas stop
According to the estimate presented by macroeconomic analysts in London…
Read more >Moody’s: a stable outlook for the Hungarian and most European banking systems
The outlook for the Hungarian and most European banking systems…
Read more >Seven new Hungarian brands to debut on the shelves of INTERSPAR stores!
More than 90 percent of FMCG products sold by SPAR…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >