Hungary

Retail Sales

2.7
percent change, year-over-year
Source: IMF

Europe Ranking

8
Latvia5.61
9
Serbia5.44
10
Albania3.82
12
Romania3.23
13
Hungary2.7
14
Cyprus2.15
15
Greece1.43
16
Spain0.96
17
Bulgaria0.49
17
Portugal0.49

News

Definition of Retail Sales

The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction. Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year. The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.

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