Retail Sales in Hungary decreased 0.80 percent in November of 2020 over the same month in the previous year. source: Hungarian Central Statistical Office

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 January of 2021.

Retail Sales YoY in Hungary is expected to be 1.90 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 4.20 in 12 months time. In the long-term, the Hungary Retail Sales YoY is projected to trend around 0.50 percent in 2022, according to our econometric models.

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Hungary Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -2.00 17.10 -43.00 1989 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-10-05 07:00 AM Aug -0.7% 0.4% 1%
2020-11-05 08:00 AM Sep -2% -0.8% -0.8%
2020-12-03 08:00 AM Oct -1.9% -2% -2.5%
2021-01-07 08:00 AM Nov -0.8% -2% -0.5%
2021-02-04 08:00 AM Dec -0.8% 0.5%
2021-03-04 08:00 AM Jan
2021-04-09 07:00 AM Feb
2021-05-06 07:00 AM Mar

News Stream
Hungary Retail Sales Drop in August
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.
Hungary Retail Sales Rise Slightly in July
Retail sales in Hungary edged up 0.4 percent year-on-year in July of 2020, the first gain since March. Sales rebounded for food, drinks and tobacco (3.3 percent vs -1.5 percent in June) but increased less for non-food products (0.4 percent vs 4.9 percent). Sales rose in non-specialized shops dealing in manufactured goods (5.6 percent), medical and cosmetics goods shops (4.7 percent), and textiles, clothing and footwear shops (2 percent) but fell in books, computer equipment and other specialized stores (-4.5 percent), furniture and electrical goods stores (-14 percent), and second hand goods shops (-19 percent). Sales continued to fall for auto fuel (-7 percent vs -10.9 percent). Considering the first seven months of 2020, retail sales increased 1.1 percent.
Hungary Retail Sales Fall at Softer Pace in May
Retail sales in Hungary decreased 2.1 percent year-on-year in May of 2020, following a 10.2 percent slump in the previous month, helped by the gradual easing of the country's lockdown which allowed many shops to reopen. Sales rebounded for food (1.8 percent vs -0.4 percent in April) and non-food products (0.7 percent vs -14.8 percent). Meanwhile, those of automotive fuel continued to decline, but considerably less (-13.8 percent vs -16.3 percent). In the first five months of the year, retail activity grew 1.5 percent over a year ago.
Hungary Retail Trade Growth at Near 1-Year High of 7.6%
Retail sales in Hungary climbed 7.6 percent year-on-year in January 2020, accelerating from a downwardly revised 6.0 percent advance in the previous month. It was the biggest gain in retail trade since February 2019, as sales rose faster for both non-food products (13.8 percent vs 8.5 percent in December) and food, drinks and tobacco (4.9 percent vs 4.7 percent).On the other hand, sales of automotive fuels slowed (1.4 percent vs 2.2 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.