Retail sales in Hungary edged up 0.4 percent year-on-year in July of 2020, the first gain since March. Sales rebounded for food, drinks and tobacco (3.3 percent vs -1.5 percent in June) but increased less for non-food products (0.4 percent vs 4.9 percent). Sales rose in non-specialized shops dealing in manufactured goods (5.6 percent), medical and cosmetics goods shops (4.7 percent), and textiles, clothing and footwear shops (2 percent) but fell in books, computer equipment and other specialized stores (-4.5 percent), furniture and electrical goods stores (-14 percent), and second hand goods shops (-19 percent). Sales continued to fall for auto fuel (-7 percent vs -10.9 percent). Considering the first seven months of 2020, retail sales increased 1.1 percent.
Retail Sales YoY in Hungary averaged 0.01 percent from 1989 until 2020, reaching an all time high of 17.10 percent in December of 1998 and a record low of -43 percent in November of 1991. This page provides - Hungary Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Retail Sales YoY in Hungary is expected to be 1.80 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 3.40 in 12 months time. In the long-term, the Hungary Retail Sales YoY is projected to trend around 1.00 percent in 2021 and 0.50 percent in 2022, according to our econometric models.