Hungary: Retail Sales Disappoint Again

2021. június 07.

ING Think

Despite a 10.6% year-on-year increase in retail sales volume, this was a massive disappointment. The sector's downward trend continues. In the past, growth above 10% would be a reason to celebrate. However, incoming economic activity data does not say much about the real economic performance due to last year’s terribly low base caused by lockdown measures. The same is true for the April retail sales figure in Hungary.