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.

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 July of 2020.

Retail Sales YoY in Hungary is expected to be 1.80 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 1.00 percent in 2021 and 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
-2.10 -10.20 17.10 -43.00 1989 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-03 07:00 AM Feb 11.3% 7.6% 6.2%
2020-05-06 07:00 AM Mar 3.5% 11.2% 3.7%
2020-06-04 07:00 AM Apr -10.2% 3.5% -12%
2020-07-06 07:00 AM May -2.1% -10.2% -5.8%
2020-08-05 07:00 AM Jun -2.1% 0.6%
2020-09-03 07:00 AM Jul
2020-10-05 07:00 AM Aug
2020-11-05 08:00 AM Sep 1.8%


News Stream
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.
2020-07-06
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).
2020-03-04
Hungary Retail Trade Growth Slows to 3-Month Low of 6.1%
Hungary's retail sales rose 6.1 percent year-on-year in December 2019, easing from a 7.3 percent gain in the previous month. It was the lowest gain in retail trade since September, as non-food sales slowed (8.6 percent vs 12.9 percent). On the other hand, sales of both food, drinks & tobacco (4.7 percent vs 4.5 percent) and automotive fuel (2.6 percent vs 1.6 percent) advanced faster. For full 2019, retail trade grew 6.0 percent, below a 6.7 percent advance in 2018.
2020-02-05
Hungary Retail Trade Growth Accelerates in November
Hungary's retail sales rose by an annual 7.3 percent in November 2019, following a 6.2 percent growth in the previous month, boosted by sales of food, drinks & tobacco (4.5 percent vs 3.4 percent), non-food (12.9 percent vs 9.8 percent) and fuel (1.7 percent vs 5.4 percent).
2020-01-07

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.