Retail turnover rose in May

In May, retail sales turned out to be better than expected, but there is no reason for joy: the Swiss franc has started to soar, and the pension fund real returns can only bring a temporary expansion.

According to the Central Statistical Office (KSH); In May, retail sales increased by 0.7 percent, over the same period of last year, while analysts surveyed by Bloomberg a decrease of 0.4 percent was expected, and economists estimated stagnation. In comparison, retail sales growth was a positive surprise – reports Világgazdaság Online.