NGM: the growth of retail sales lasts for more than four years

The growth of retail sales lasts for more than four years, for 49 months – Pomázi Gyula, the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel on Friday, commenting on the latest data of the Central Statistical Office (KSH).

He stressed that the increase in the turnover of businesses is related to wage growth and household savings.

The Deputy Minister of State has recalled that the minimum wage will rise by 8 percent next year, after the 15 percent increase of this year, while the guaranteed minimum wage will rise by 12 percent next year, after the 25 percent increase of this year, on the basis of the agreement with employers and employees. (MTI)