Newly released market study: Hungary Retail Report Q2 2016

From: Fast Market Research, Inc.
Published: Wed Feb 17 2016

Sustained economic growth, rising employment levels and gradually increasing wages will support considerable expansion in household incomes and spending in 2016. Consumer confidence levels in Hungary remain high, while favourable crediting conditions are expected to support stronger spending growth over the coming quarters.

Key Views & Developments

According to Hungary's Central Statistical Office, total retail sales increased by 4.8% year-on-year (y-o-y) in November 2015. During the first 11 months of 2015, retail sales rose by 5.6% compared to the same period in 2014.

According to reports in Reuters, Hungary plans to cut an inspection fee that has hit major food retail chains and prompted an investigation by the European Commission (EC). EC noted that a turnover-based tax in itself did not raise state aid issues, but the progressivity of the food inspection fee selectively favoured firms with a low turnover.

Full Report Details at

Inflation in Hungary increased 0.1% m-o-m to reach 0.5% in November 2015, according to data released by Kozponti Statisztikai Hivatal. The rise was attributed to a significant increase in food prices, which rose 2% y-o-y during the month. Prices of clothing and footwear increased by 0.7% y-o-y in November, while prices of consumer durables rose 0.3% y-o-y.

In late 2015, Hungarian online daily Vilaggazdasag published survey results, which indicated that e-commerce in the country increased by around 20% in 2015.

The Hungary Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Hungary Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits
Benchmark BMI's independent retail industry forecasts for Hungary to test other views - a key input for successful budgeting and strategic business planning in the Hungarian retail market.
Target business opportunities and risks in Hungary through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.


BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

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You may also be interested in these related reports:

- Hong Kong Retail Report Q2 2016
- Singapore Retail Report Q2 2016
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Contact Name: Bill Thompson
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