Hungarian grocery retail is still among the leaders

Like-for-like value sales increased by 2.5 percent in Hungary’s grocery retail in the 2nd quarter of 2016. In this respect the European average was plus 0.8 percent. Hungary’s value sales growth was the sixth biggest on the continent – revealed the quarterly published Nielsen GrowthReporter. However, volume sales decreased by 0.2 percent in Hungarian grocery retail – the European average was plus 0.1 percent.

In Hungary FMCG prices were up 2.7 percent from one quarter to another, but in Europe the price increase was only 0.7 percent. Jacques Vandenheede, Nielsen’s retail insights director in Europe told that the historically weak sales performance of Europe’s grocery retail was caused by two factors: 1. this year Easter wasn’t in the 2nd quarter; 2. the low growth rate of France and Germany, and the considerable decline in the United Kingdom.