NGM: retail is expanding for three years continuously
The retail sales are continuously growing for thirty-six months. In the past year, except in January, growth was 4-5 percent each month, compared to the same period of the last year – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel on Wednesday.
According to Marczinkó Zoltán the 5.7 percent increase in retail sales in June is due to the increase of employment, the reduction of the personal income tax rate and due to the growth of average gross wages. Low inflation can also be seen in real wages; more money remains, so people can spend more – he added. (MTI)
Related news
NGM: The Tourism Advisory Board held its inaugural meeting under the leadership of Márton Nagy
The Tourism Advisory Board was established and held its first…
Read more >GVH: Food inflation has not been as low as in February 2024 in seven years
In the second month of 2024, consumer prices were on…
Read more >Márton Nagy: the collapse of inflation intensively supports the growth of real wages
Based on the latest data from the Central Statistical Office…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >