Consumption and and consumer confidence are still weak

The retail sales are below the expectations, that can be threat on the growth prospects of the Hungarian economy – says Suppan Gergely senior analyst of TakarékBank.

Retail sales were also disappointing in April, as sales continue to shrank, which is very unfavorable in consumer and growth prospects. The retail stores in the month had 1.3 less turnover, while in first four months a 0.5 percent decline occurred, compared to the same period of last year – reports Világgazdaság Online.