Trademagazin > News and articles > Market News > Closed in pounds less, pennies more, but 2021 is already pulling
Closed in pounds less, pennies more, but 2021 is already pulling
Now everything is closed, if you want to spend, only the store is open. However, despite the restrictions and the economic downturn, the amount of consumption expenditures did not decrease in 2020, and in 2021 the wallets will open bigger – blokkk.com wrote. The value of family spending was 22,400 billion in 2020 and it could increase by 500 billion. But the end of 2020 was very weak.
The government expects that in 2020, household consumption expenditures will decrease by 2.9% (in volume). According to our calculations, the decline in the first three quarters was around 2%, so the last quarter could have been very weak if you had pulled down the annual balance sheet so much. With gift purchase, including Black Friday.
Related news
Average earnings continued to increase
According to the latest data from the Central Statistical Office,…
Read more >Consumers can find a rich selection of vegetables in the period before Easter
Domestic stores await customers with a rich selection of vegetables,…
Read more >We spend much less at Easter than at Christmas, but still 30% more than on a big shopping spree
Holiday seasons are usually always strong periods in retail, including…
Read more >
More related news >
Related news
You can still save, but not on all margin-stopped products
Although the effect of the Hungarian price caps is starting…
Read more >More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >Frosty spring, severe damage: fruit harvest could collapse in 2025
The April frosts caused serious damage to Hungarian fruit production:…
Read more >