NGM: retail trade grew due to increasing employment, personal income tax reduction and low inflation
Retail sales increased by 6.6 percent in February, compared with the similar period of 2015, due to the record-high employment, the one percentage point reduction in personal income tax (PIT), and due to the low inflation.
Marczinkó Zoltán, Deputy Minister of State of the the Ministry of National Economy (NGM) responsible for corporate relations told M1 news channel on Monday that the sales of food, non-food products and fuel sales increased as well. (MTI)
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