Vámos György: retail sales are expanding at a huge pace
Since 2013, retail sales and retail consumption have been growing at a tremendous pace – Vámos György, Secretary General of the National Trade Association told Kossuth Radio.
He explained that families are able to spend more and more into valuable goods. Nearly 1,500 billion forints out of the retail sales of over 11,000 billion forints were spent on housing expenditures. For example, the purchase of furniture almost doubled. In connection with this, he said that family support is clearly “pulling” trade. (MTI)
Related news
We can be cautiously optimistic
Dr Ákos Kozák, co-founder of the Equilibrium Institute gave a…
Read more >K&H: middle-aged Hungarians are more shy, despite their higher income
The income of middle-aged people shows a gradual increase over…
Read more >The autumn started weakly in retail trade
Retail performance in September started off weaker compared to August,…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >