Analysts: retail could jump in March
The record increase in retail sales in February was driven by the coronavirus epidemic, and this indicator is one of the few to be positively affected. Consumption will certainly continue to rise in March, but analysts telling MTI say it could turn negative in the second quarter and the second half of the year will depend on how long the epidemic lasts and how the recovery phase begins.
According to a report by the Central Statistical Office (KSH), retail sales in February were 10.9 percent higher and calendar-adjusted 11.3 percent higher than a year before. The KSH estimated that the acquisition fever at the end of February explains the 5.7 percentage points growth. (MTI)
Related news
K&H Analyst Commentary: Retail awaits greater momentum
May was quite bad in stores, especially in food stores,…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >István Nagy: Hungarian melon season starts with good quality melons
Compared to last year, the volume of melon imports has…
Read more >
More related news >
Related news
Ministry of Agriculture: Hungarian farmers can always count on the national government
Hungarian farmers are one of the government’s most important allies,…
Read more >Cow and goat cheeses recalled from trade due to microbiological contamination
Pasteurized cow and goat cheeses from France have been recalled…
Read more >Lidl Switzerland Sees ‘Record’ Growth In Cheese Exports In 2024
Lidl Switzerland saw record cheese export growth in 2024, marking…
Read more >