Retail sales in Hungary advanced 5.8 percent over a year earlier in August 2019, easing from a 6.4 percent gain in the previous month. Sales went up at a softer pace for food, drinks and tobacco (3.4 percent from 4.5 percent in July) and automotive fuel (4.3 percent from 5.2 percent). On the other hand, sales of non-food products increased further (9.8 percent from 9.1 percent). In the first eight months of the year, retail trade rose 5.8 percent over a year ago. Retail Sales YoY in Hungary averaged -0.10 percent from 1989 until 2019, reaching an all time high of 17.10 percent in December of 1998 and a record low of -43 percent in November of 1991.

Retail Sales YoY in Hungary is expected to be 6.10 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 3.50 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.

Hungary Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-04 07:00 AM Retail Sales YoY May 2.6% 7.3% 6.7%
2019-08-02 07:00 AM Retail Sales YoY Jun 5.2% 2.6% 6.2%
2019-09-04 07:00 AM Retail Sales YoY Jul 6.4% 5.4% 5.7%
2019-10-03 07:00 AM Retail Sales YoY Aug 5.8% 6.4% 6.6%
2019-11-06 08:00 AM Retail Sales YoY Sep 5.8% 6%
2019-12-05 08:00 AM Retail Sales YoY Oct


Hungary Consumer Last Previous Highest Lowest Unit
Consumer Confidence -3.70 -5.90 89.82 -72.30 Index Points [+]
Retail Sales MoM 0.40 0.60 2.90 -6.90 percent [+]
Retail Sales YoY 5.80 6.40 17.10 -43.00 percent [+]
Consumer Spending 4298271.00 4124022.00 4361107.00 2550698.00 HUF Million [+]
Personal Savings 12.12 12.83 19.18 8.27 percent [+]
Private Sector Credit 6668.20 6519.20 8746.70 235.80 HUF Billion [+]
Bank Lending Rate 0.90 0.90 14.25 0.90 percent [+]
Consumer Credit 836.58 823.71 836.58 323.54 HUF Billion [+]
Gasoline Prices 1.30 1.32 1.90 0.72 USD/Liter [+]
Households Debt To GDP 17.60 17.90 40.70 3.90 percent of GDP [+]
Households Debt To Income 33.39 35.62 68.85 9.57 percent [+]


Hungary Retail Sales YoY

In Hungary, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - Hungary Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.80 6.40 17.10 -43.00 1989 - 2019 percent Monthly
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