Hungary Food and Drink Report Q1 2014

Hungary Food and Drink Report Q1 2014

Published: January 2014
Publisher: Business Monitor International (BMI)
Product ref: 192008
Pages: 138
Format: PDF
Delivery: Immediate download

Forward this to a colleague

Price: $1295.00

Don't worry. No payment is taken yet

We expect household spending to decline in 2013, with Q113 data showing a 1.2% y-o-y fall. Despite a 34- year low in consumer price inflation and the lowest policy rate on record (4.25% at the time of writing) private consumption has remained subdued. Retail sales increased just 1.8% y-o-y in April 2013, down from 7.0% y-o-y growth in the same period of 2012, and consumer confidence remains staunchly negative at -33.9 in June. Therefore, this is still a very difficult environment for food, drink and companies operating in the wider fast-moving consumer goods industry.

However, while leading indicators remain in the doldrums, there have been signs of improvement as of late. Consumer confidence has shown a steady, if slow, increase since its low point of -54.1 in January 2012. This is likely due to low interest rates and inflation, which have reduced mortgage and loan repayments. Real wage growth has also remained positive, increasing 5.9% y-o-y in April, which is also likely to have a positive effect on consumer confidence.

Price: $1295.00

Don't worry. No payment is taken yet

Need help before you order?

+44 (0)1527 573 618

9:00am - 5:30pm Mon - Fri

Related research categories

By sector: General drinks

By market: Hungary (in Europe)


Not found what you were looking for?

Or contact our research team

We want to meet your research requirements. Let us know what you need, how to contact you and we will do the rest.





How do you want to be contacted?

Phone callback (one working day)
Email

For enhanced security, please complete the following sum:

1 + 6 =

just-drinks homepage



Forgot your password?