Explosive 16.2% growth in retail
The volume of retail trade sales increased by 16.2% and, according to the raw material, by 16.2% compared to the same period of the previous year, far exceeding expectations, while sales revenue increased by 27.9% due to high inflation. jumped to HUF 1,375.3 billion. Compared to the previous month, retail sales increased by 7.3%. Retail sales grew by 10.3% in the first three months, a significant acceleration from 5.5% in the last quarter of last year, which may have contributed to a further acceleration in GDP in the first quarter. Compared to the last quarter of last year, retail sales increased by 4% in the first quarter.
Related news
According to two-thirds of Hungarians, lifestyle changes are necessary due to climate change
According to a new survey conducted by the European Investment…
Read more >The benefits of ESG are slowly emerging
The number of people interested in the new ESG regulation,…
Read more >Employers who don’t offer hybrid work may lose two-thirds of talent
Companies that don’t offer hybrid work opportunities may be missing…
Read more >Related news
Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >Sándor Czomba: the minimum wage will increase by nine percent next year
The minimum wage will increase by nine percent next year,…
Read more >