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RETAIL SALES CLIMB BY 5.4% IN JULY

Retail sales in Hungary rose by an annual 5.4% in July, the Central Statistical Office (KSH) said in a first reading of data. Sales growth slowed from 6.8% in June. When adjusted for calendar year effects, growth was 5.3%.

Adjusted food sales were up 2.2%, non-food sales climbed by 9.2% and fuel sales rose by 5.6%. In January-July 2018, retail sales rose by 6.7% according to unadjusted and calendar-year adjusted data compared to the same period a year earlier. Adjusted food sales were up 4.1%, non-food sales climbed by 9.8% and fuel sales rose by 7.2%.