Hungarian retail trade was the second best in Europe in the third quarter

In Q3 2017 Hungarian FMCG retail sales grew by 5.3 percent in comparison with Q3 2016. The European average was a 2.8-percent sales growth and only Turkish retail trade outperformed Hungary. Volume sales improved by 0.1 percent in Hungary – the European average was 0.3 percent. Grocery sales augmented by 5.7 percent, while sales of household chemicals and cosmetics grew by 3.5 percent.

Gergely Kovács, client executive of Nielsen told: FMCG value sales in the third quarter were even better than retail’s performance in the first half of the year. Nielsen expects stable sales growth for the next few quarters. The fact the main FMCG markets in Europe are performing better than in 2016 has to do with increased consumer demand, growing but not significant inflation and the improvement in the level of employment. //