Retail sales in Hungary rose 8.4 percent year-on-year in February of 2019, following a 5.4 percent increase in January. It is the highest annual gain in retail sales since May of 2018 as sales rose faster for food, drinks and tobacco (4.8 percent compared to 3.9 percent in January), non-food (10.8 percent compared to 6.4 percent) and auto fuel (13.8 percent compared to 7.2 percent). Retail Sales YoY in Hungary averaged 3.15 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 4.20 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.