Retail sales in Hungary fell 0.7 percent year-on-year in August 2020, following a 0.4 percent rise in the previous month, amid the coronavirus crisis. Sales of food, drinks and tobacco dropped 0.1 percent, after increasing 2.8 percent in July. On the other hand, sales for non-food products rose further (1.2 percent vs 0.4 percent); while those of automotive fuel fell at a softer pace (-5.5 percent vs -7 percent). Considering the first eight months of 2020, retail sales advanced 0.9 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 October of 2020.
Retail Sales YoY in Hungary is expected to be -3.00 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 3.40 in 12 months time. In the long-term, the Hungary Retail Sales YoY is projected to trend around 4.20 percent in 2021 and 0.50 percent in 2022, according to our econometric models.