Hungary’s calendar-adjusted retail sales picked up by 0.3% y/y in September 2013, slowing down from a 1.4% annual rise in the previous month, statistics office preliminary data showed. In unadjusted terms, retail sales advanced by 0.8% y/y, also slower that 1% y/y rise registered in August 2013.
Sales of food, drinks and tobacco dropped by a calendar-adjusted 0.4% y/y in September, snapping a two-month growing streak. Sales of non-food products stagnated in September. Automotive fuel sales witnessed a 3.1% y/y rise, increasing for the sixth consecutive month. The statistics office said it will provide more detailed data on November 26.
Hungary’s retail sales declined by 1.9% in 2012 on the back of a 3% decrease in the non-food category, while food sales dropped at the slower pace of 0.7%.
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Hungary’s Government Debt Management Agency AKK announced on September 26 that it plans to issue 10-year Eurobonds to refinance high-interest dollar bonds maturing soon. The agency mandated BNP ... more
South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more