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.