Boston, MA -- (SBWIRE) -- 11/16/2015 -- Hungary's economy has been making a steady recovery over 2014 and 2015, supported in part by growing exports, and this is helping to lower unemployment while boosting household income levels. As a result, we are expecting steady growth in retail spending for the remainder of our forecast period. While a number of retail restrictions continue to present new challenges to retailers, the general outlook for Hungary ' s macroeconomic environment remains positive.

Hungary's economy has progressed ahead over the past two years, with the country's real output expanding at one of the fastest rates in the EU. Recovering export markets, increased sustainability of government spending and even some of the unconventional measures targeted at companies across a variety of industries, all contributed to 3.6% GDP growth during 2014. The International Monetary Fund (IMF) has also raised its projection for economic growth in Hungary during 2015 to 3.0% (instead of 2.7%). Positive economic data is therefore providing additional confidence that overall economic activity in the country is picking up steam. During 2016, growth will slowly slightly to 2.5%, however this would still rank the country as one of the fastest growing countries in the EU.

Get More Details on this Report and a Full Table of Contents at Hungary Retail Report Q1 2016

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.

Coverage

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

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

There are four separate 5-year forecast modules in the retail reports. These are:

-Headline Retail Forecast: Total household spending (local currency and USDbn, % growth, % GDP, per capita, per household), spending by retail sector (food & non-alcoholic drink, alcoholic drink, clothing & footwear, housing & utilities, furnishings & home, health, transport, recreation, education, restaurants & hotels, personal care & insurance (local currency and USDbn, % growth, % GDP, % of total spending)
-Retail Sector Forecast: Breakdown of Food, Non Alcoholic Drink, Alcohol, Tobacco, Clothing, Footwear, Household Goods, Furnishings, Appliances, Glass and Tableware, Household Textiles, Consumer Electronics, Garden Toys and Pets, Home and Garden tools, Personal Care, Personal Effects Spending (USDbn, % Growth)
-Household Income and Numbers Forecast: Number of Households (?000, % growth); gross income per household and per capita; net income per household and per capita; tax and social contributions per capita; breakdown of household incomes ? USD5000+, USD10,000+ USD50000+ (?000, % of total); labor force, employment and unemployment (?000, % change)
-Demographic Forecast: Total population; Babies 0-12 months; Young Children 0-4yrs; Children 5-9yrs; Young Teens and Older Children 10-14yrs; Older Teens 15-19yrs; Adults 21yrs +; Young Adults 21-29yrs; Middle Aged 40-64yrs (?000, % growth, male, female); Urban Population (?000, % population); Rural Population (?000, % population).

BMI's Retail Risk Reward Index

BMI's Risk Reward Indices provide investors looking for opportunities in the region with a clear country comparative assessment of a market?s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

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