Hungary’s retail trade went into turbo mode

In the 2nd quarter of 2017 retail value sales jumped 6.4 percent if compared with Q2 2016. This growth rate was much bigger than the 3.7-percent European average growth in the 2nd quarter of this year – we could learn from the latest edition of the quarterly Nielsen Growth Reporter study.

Compared with Q2 2017, volumes sales augmented by 3.6 percent in Q3 2017 in Hungary. Prices elevated by 2.8 percent in the Hungarian FMCG market. The food market expanded by 6.9 percent, while the drugs market got 4.3 percent bigger – told Gergely Kovács, client executive of Nielsen. He added that all channels audited by Nielsen had contributed to the sales growth, with discount supermarkets and drugstores performing the best. //