Hungary’s retail sales grew at the slowest pace in almost a year in August, the Hungarian Central Statistical Office reported Monday.
Retail sales climbed 4.7 percent in August from last year, which was the slowest expansion since last September, when it climbed 4.6 percent. Sales advanced 6.8 percent in July and 6.2 percent in June.
Likewise, unadjusted sales grew only 4.7 percent annually, following July’s 6.8 percent rise.
Growth in both food and non-food product sales eased in August. Food, drinks, tobacco sales increased 3.7 percent and that of non-food products advanced 4.6 percent. Retail sales of automotive fuel logged 7.4 percent expansion.
During January to August, retail sales increased 6.1 percent from the same period of last year.
The material has been provided by InstaForex Company – www.instaforex.com