NGM: the Hungarian retail is more than three times higher than the EU average
Retail sales are expanding in Hungary for two years. The increase in June was the fourth fastest in the European Union, and it was more than three times higher than the EU average – the Ministry of National Economy (NGM) told MTI on Thursday. The Ministry expects a consumption growth in the remaining months of the year.
The retail trade structure is becoming more balanced. In addition to food and fuel trade, a strong growth occured in non-food sales as well – the analysis of the NGM emphasized.
The recent data and the latest figures clearly show that the introduction of the Sunday rest day did not result a drop in traffic, people have adapted to the change in opening hours, traffic is shifted towards the other days of the week – the ministry pointed out. (MTI)
Related news
We can be cautiously optimistic
Dr Ákos Kozák, co-founder of the Equilibrium Institute gave a…
Read more >The tightening of Airbnb regulations serves to solve the housing problem in Budapest
Airbnb sent an open letter to Minister of National Economy…
Read more >This is how the government would increase the purchasing power of incomes
The interest-free worker loan will be available from January 2025,…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >