Hungarian Retail Sales Stagnate in January
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Retail sales in Hungary grew by about 0.6% year-on-year in January 2024, however, they remained unchanged compared to December 2023, the Central Statistical Office (KSH) reports.
Compared to January 2023, the volume of sales increased by 0.2% in specialized and non-specialized food retailing. The volume of sales increased by 1% in non-specialized food and beverages shops accounting for 76% of food retailing and fell by 2.1% in specialized food, beverage, and tobacco stores.
The turnover of non-food retailing decreased by a total of 0.9% in volume. Sales volumes rose by 8% in pharmaceutical, medical goods and cosmetics shops, while sales volumes decreased by 5.5% in books, computer equipment and other specialized stores, by 6.4% in non-specialized shops dealing in manufactured goods, by 8.1% in textiles, clothing and footwear shops, by 8.2% in furniture and electrical goods stores and by 8.4% in second-hand goods shops.
The volume of mail order and internet retailing accounting for 9.1% of all retail sales and involving a wide range of goods rose by 4.3%.
The volume of sales in automotive fuel stations increased by 4.6%.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 2.3%.
Domestic retail sales amounted to HUF 1.356 trillion at current prices.
Some 49% of the national retail turnover was generated in specialized and non-specialized food shops, 35% in non-food retail trade, and 16% in automotive fuel stations.
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