Growth in retail sales has stalled
In April, the momentum of the recovery of retail trade stalled, the decrease was 0.9% on a monthly basis. The upward trend in consumer confidence has flattened recently, while fears of unemployment are rising, so consumer caution has not yet dissipated. At the same time, rising real wages indicate that the trend-like increase in retail sales may continue.
Trade performance:
Based on the data adjusted for seasonal and calendar effects in April, the volume of retail trade decreased by 0.9% on a monthly basis.Compared to the expansion in March, the momentum in the turnover of stores fell, but at the same time, the fact that the March data could have been significantly boosted by the Easter turnover may play a role in this. At the same time, the current data confirms us that consumer caution is still present in the economy, and the recovery of retail sales is gradual.The recovery can be felt despite all of this: compared to last October’s level (when the turnover of retail trade is more visible in the data), even the current, below-expected turnover is 3.1 percent higher.
Related news
KSH: retail turnover in August exceeded the same period of the previous year by 2.4 percent and the previous month by 0.8 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >K&H Analyst Commentary: There is still room for expansion in Hungarian stores
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Stricter measures are coming on the Trappist and wild sourdough fronts – new regulation protects customers
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Trade Airlines flights have landed – photos and videos
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >GfK study: This is how European commercial purchasing power has changed in 2025
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The holiday season begins with a four-day long weekend – shops will be closed on October 23
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >