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HUNGARY: Retail Sales Rise 2.6% Y/Y in June, Missing Estimates

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Hungary’s working day adjusted retail sales rose 2.6% y/y in June after rising +3.6% in May (Est: +3.4%), according to the Hungarian Statistics Office. Sales of food, beverages and tobacco rose 3.2% y/y while sales of non-food products rose 3.6% y/y.
  • EURHUF trades close to unchanged levels at the start of the session following the solid sell-off yesterday afternoon. The cross had tested the 399 handle but ended the day below 397.
  • Looking ahead, CPI figures for July provide the highlight of the week on Thursday, where consumer prices are seen rising +4.0% y/y compared to +3.7% in June. Tomorrow, industrial production data for June is on the docket (Est: -3.8% y/y; Prior: -4.9%).
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  • Hungary’s working day adjusted retail sales rose 2.6% y/y in June after rising +3.6% in May (Est: +3.4%), according to the Hungarian Statistics Office. Sales of food, beverages and tobacco rose 3.2% y/y while sales of non-food products rose 3.6% y/y.
  • EURHUF trades close to unchanged levels at the start of the session following the solid sell-off yesterday afternoon. The cross had tested the 399 handle but ended the day below 397.
  • Looking ahead, CPI figures for July provide the highlight of the week on Thursday, where consumer prices are seen rising +4.0% y/y compared to +3.7% in June. Tomorrow, industrial production data for June is on the docket (Est: -3.8% y/y; Prior: -4.9%).