Katalin Neubauer: We hope that retail can now return to the old, pre-Covid way of funkctioning
In March 2023, the Hungarian retail sector showed promising signs of recovery, as highlighted by Katalin Neubauer, Secretary-General of the Hungarian National Trade Association, in her statement to InfoRadio. Neubauer noted an increase in consumer interest, signaling a potential return to pre-Covid conditions.
Statistics reflect this improvement with the retail sales volume in March increasing by 3.6% in raw data and 4.2% when adjusted for calendar effects, compared to the same period last year. The largest growth was seen in food and mixed retail stores, with a 5.7% increase, while fuel retail grew by 3.3%, and non-food retail saw a modest rise of 0.6%.
Despite these encouraging figures, Neubauer cautioned that they might be misleading due to the low base effect from last year’s significant downturns, especially in the food sector. She remains hopeful that the retail sector will gradually regain its strength, particularly if government actions lead to reduced fuel prices, potentially boosting fuel retail sales further. After recovering in 2021, the challenges of 2023 have been significant, but the sector appears ready for continued growth.
This trend offers hope that Hungarian retail can maintain its growth trajectory and fully recover to the dynamism characteristic of the pre-pandemic period.
Related news
MBH quick analysis: Retail trade momentum decreased in May
After Easter spending, retail sales growth slowed in May: total…
Read more >K&H Analyst Commentary: Retail awaits greater momentum
May was quite bad in stores, especially in food stores,…
Read more >NGM: the government will do everything to further increase retail turnover
The government is working tirelessly to ensure that families can…
Read more >Related news
NKFH: database launched on smaller packaging
Consumers can find out about products whose packaging has been…
Read more >Temu attacks: the online discount giant would also break into the European food market
After cheap electronics and clothing, the Chinese online marketplace Temu…
Read more >Mondelez has inaugurated its largest solar park in Central and Eastern Europe in Székesfehérvár
Mondelez International officially handed over its new solar park on…
Read more >