NGM: the growth in retail sales is continuous for 22 months
It is very positive that the growth in retail sales is continuous for 22 months – Lenner Áron Márk, Deputy Minister of State of the Ministry of National Economy (NGM) commented the latest data of the Central Statistical Office on Wednesday on M1 news channel.
Lenner Áron Márk said that the growth has such a high degree that it has a positive effect on the country's gross domestic product of (GDP) as well.
He emphasized that the calendar-adjusted data is showing a 5.3 percent increase in April, compared to the previous year. The increase was primarily due to the positive contribution of labor market trends, as more people are working than ever before, the real wages are growing and consumer confidence is favorable. People are buying consumer durables – he added. (MTI)
Related news
Sándor Czomba: expanding employment contributes to increasing competitiveness
The goal of the six-month Hungarian presidency of the Council…
Read more >Growing retail, falling SMEs: what can companies do?
A KSH adatai szerint az év első öt hónapjában javult…
Read more >KSH: retail turnover increased by 3.6 percent compared to the same period of the previous year
In May, the volume of retail trade increased by 3.6…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >