04.03.202007:35:00UTC+00Hungary Retail Sales Growth Highest In 11 Months

Hungary's retail sales grew at the fastest pace in eleven months in January, figures from the Hungarian Central Statistical Office showed on Tuesday.

Retail sales grew a calendar-adjusted 7.6 percent year-on-year in January, after a 6.0 percent increase in December.

The latest growth in sales was the fastest since February, when it was 9.2 percent.

Sales of non-food products grew 13.8 percent and those of food, drinks and tobacco and automotive fuel increased by 4.9 percent and 1.4 percent, respectively.

On a non-adjusted basis, retail sales rose 7.6 percent annually in January after a 6.7 percent increase in the previous month.