Good first-quarter performance by Hungarian grocery retail

Hungary’s grocery retail produced a 4.6-percent growth in value sales in Q1 2016 if compared with the first three months of 2015. This growth was the third biggest in the 21 European countries measured, behind Turkey (+9.7 percent) and Poland (+4.8 percent) – according to the Nielsen GrowthReporter. In the same period volume sales improved by 1.3 percent.

In January-March the average price of FMCG products increased by only 0.7 percent in Europe – the smallest price increase since Q1 2010. Thanks to this, consumers purchased 0.8 percent more FMCG products. Value sales were down in Greece (-6.1 percent), while from the five big markets in Western Europe the FMCG value sales growth was the biggest in Spain (+3.1 percent) and France (+2.2 percent).