ITM: the growth of the wealth of households that drives retail
Thanks to the increase in the wealth of households and the increase in retail sales, the increasing revenues stimulate investment – the Deputy Minister of State of the Ministry of Innovation and Technology (ITM) told M1 news channel on Wednesday, referring to the latest retail data.
The Central Statistical Office (KSH) announced on Wednesday that retail sales grew by 5.4 percent in July, compared to a year before. In the first seven months of the year, the volume of retail sales grew by 6.7 percent year-on-year. (MTI)
Related news
Consumption could recover in 2025
At the end of August the Equilibrium Institute published its…
Read more >The share of EU retail spending continues to fall: report from GfK
According to the latest study by GfK, the proportion of…
Read more >Thousands of sales assistants will be missing from the German retail sector by 2027
The German food retail sector will be facing a massive…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >