Consumer Goods and Retail Report Hungary
The Economist Intelligence Unit, December 2012, Pages: 18
The size of Hungary's population and its development level as a middle-income country make it a small market. Rising levels of disposable income and improving consumer confidence over the medium term will support growth, although income levels are not expected to return to their peak of US$10,723 (in 2008) before 2016.
The debt crisis and recession in the euro zone has slowed the trend that has Hungary moving closer to west European income levels. This will have an impact on growth of volume sales in the medium term.
After contracting in 2008-10, retail sales stagnated in 2011 amid the economic recovery. With a renewed recession in 2012 and stagnating growth in 2013, the Economist Intelligence Unit expects that growth in retail sales volumes will pick up only after 2014, averaging 3.9% a year in 2014-17. Retail sales make up over 60% of consumer spending.
Industry List: Consumer Goods, Consumer Goods, Consumer products, Retail trade, Consumer Goods, Food, beverages and tobacco, Retail trade, Consumer Goods, Retail trade, Consumer Goods, Retail trade, Retailing
Industry Codes (NAIC): 44
Industry Codes (SIC): 53;53;59
Consumer Goods and Retail Report Hungary
Market data at a glance
Consumer goods and retail report
Consumer goods and retail report: Overview
Consumer goods and retail report: Retailing
Consumer goods and retail report: Food, beverages and tobacco
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