Retail sales in Hungary increased 5.9 percent year-on-year in March of 2019, easing from an 8.4 percent rise in the previous month. Sales slowed for food, drinks and tobacco (1 percent from 4.8 percent in February) while sales went up faster for non-food products (14.3 percent from 10.8 percent) and auto fuel (14.3 percent from 13.8 percent). Retail Sales YoY in Hungary averaged 3.16 percent from 1999 until 2019, reaching an all time high of 14.30 percent in December of 1999 and a record low of -7.80 percent in November of 2009.
Retail Sales YoY in Hungary is expected to be 4.20 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 3.80 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.