Retail sales in Hungary rose 6.4 percent year-on-year in July 2019, after an upwardly revised 5.4 percent increase in the previous month. Sales grew faster for food, drinks and tobacco (4.5 percent vs 2.1 percent in June) and non-food products (9 percent vs 8.8 percent) while slowed for automotive fuel (5.3 percent vs 7.4 percent). In the first seven months of the year, retail trade advanced 5.8 percent over a year ago. Retail Sales YoY in Hungary averaged 3.21 percent from 1999 until 2019, reaching an all time high of 12.80 percent in December of 1999 and a record low of -7.90 percent in November of 2009.
Retail Sales YoY in Hungary is expected to be 6.00 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 3.60 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.