Hungarian retail trade maintains momentum

Like-for-like retail sales of food and drug products were up 8.3 percent in the first quarter of 2018 in Hungary. In the same period the average FMCG sales growth was only 3.7 percent in Europe – revealed the Nielsen Growth Reporter. Volume sales rose by 4.4 percent if compared with the 3rd quarter of 2017. FMCG prices elevated by 3.8 percent from one quarter to another. Food sales developed by 8.9 percent and sales of household chemicals and cosmetics jumped 5.8 percent. Client service director Gergely Kovács told: food sales grew in every channel, while in drug sales hyper- and supermarkets stagnated, it was discount supermarkets and drugstores that dominated in the market, with a two-digit sales growth. //