Hungary’s retail sales increased 5.2 percent year-on-year in November of 2018, following a downwardly revised 5.5 percent increase in October. It was the smallest annual gain in retail trade since August of 2017, as sales slowed sharply for food products (1.7 percent from 3.9 percent in October). On the other hand, sales advanced faster for non-food products (9.1 percent from 8 percent) and fuel (5.6 percent from 4.4 percent). Retail Sales YoY in Hungary averaged 3.07 percent from 1999 until 2018, reaching an all time high of 14.30 percent in December of 1999 and a record low of -7.80 percent in November of 2009.
Retail Sales YoY in Hungary is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Hungary to stand at 4.20 in 12 months time. In the long-term, the Hungary Retail Sales YoY is projected to trend around 3.10 percent in 2020, according to our econometric models.