"Hungary Food & Drink Report Q3 2012" Now Available at Fast Market Research
The Hungarian consumer faces a tumultuous 2012, with food and beverage expenditure expected to be constrained by continued fiscal austerity, rising unemployment, depressed economic confidence, poor credit dynamics and a still-large overhang of debt. The unemployment rate ticked back up to 11.6% in February 2012, close to the mid-2010 post-financial crisis high of 11.8% and up sharply from 11.1% in January 2012, while retail sales growth remained flat at 0.6% y-o-y in January. While consumer confidence has been deteriorating over...
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