NGM: retail sales increase since nearly three years
Retail sales grow for nearly three years. The growth that lasts for 35 month may remain permanently high this year, due to, inter alia, employment expansion, the rapidly rising wages, low inflation and personal income tax reduction – the National Economy Ministry (NGM ) told on Monday, commenting the data of the Central Statistical Office (KSH).
In the first five months of the year, retail sales in Hungary grew by 5.2 percent, in May 2016 by 6.8 percent. According to the calendar effects adjusted data the increase is 5.7 percent. The growth of the Hungarian retail sales on an annual basis in May, were significantly higher than the European Union’s average of 2.8 percent – the National Economy Ministry (NGM ) wrote. (MTI)
Related news
NGM: the Council of the Elderly initiated the expansion of the range of products subject to VAT refunds
The Council of the Elderly has initiated the expansion of…
Read more >NGM: we are fighting against unjustified price increases
The government is constantly working to make families’ money worth…
Read more >January was surprisingly good for retail
Compared to the weak end of the year, retail sales…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >Margin freeze versus VAT reduction: a solution to inflation or a field for political debate?
The government has been implementing a margin freeze since mid-March,…
Read more >