NGM: several factors are influencing the growth of consumption

In addition to the increase in the number of employees and real wages, the VAT cuts on individual product groups also have an impact on the increase in consumption – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel on Thursday, commenting the latest data of the Central Statistical Office.

According to the first estimate published of the Central Statistical Office (KSH) published on Thursday, retail sales in February were 6.5 percent higher than in February 2017 – according to the raw and calendar effect adjusted data. (MTI)