Hungarian Retail Sales Show Signs of Weakness

2022. szeptember 05.


Behind the solid headline retail sales figure, we see some worrying developments. If we look at things superficially, the July retail sales performance in Hungary looks quite good. It shows a 4.3% year-on-year growth rate (adjusted for working days), which is only a tad slower than the headline figure from the previous month. However, as soon as we dig a bit deeper into the data, we see some red flags and signs of weakness.