Market Report, "Consumer Appliances in Hungary", Published
As Hungary came out of its second recession in four years and a number of macroeconomic indicators started improving including retail sales and employment rates, consumer appliances grew in 2013 both in volume and value. Although pre-recession sales figures were still not reached, the improving economic climate stabilised the market and led to cautious optimism. Unlike during earlier years of the review period, no new major austerity measures targeting either consumers or manufacturers were...
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