Retail sales in Hungary surged 7.1 percent year-on-year in April of 2019, up from an upwardly revised 6.3 percent rise in the previous month. Sales advanced faster for food, beverages and tobacco (4.7 percent vs 1.4 percent in March); non-food products (6.6 percent vs 4.3 percent) and automotive fuel (5.5 percent vs 4.3 percent). Considering the January to April period of 2019, retail trade grew 6.8 percent over a year ago. Retail Sales YoY in Hungary averaged 3.18 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 6.20 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.