Hungary Food & Drink Report Q4 2013 - New Market Report
We expect household spending to decline in 2013, with Q113 data showing a 1.2% y-o-y fall. Despite a 34- year low in consumer price inflation and the lowest policy rate on record (4.25% at the time of writing) private consumption has remained subdued. Retail sales increased just 1.8% y-o-y in April, down from 7.0% y-o-y growth in the same period of 2012, and consumer confidence remains staunchly negative at -33.9 in June.
View full press release