This was marked as the fifth consecutive month of decline in retail activity, dragged down by the continued fall in stores selling manufactured goods (-7%), mainly in stores selling household goods & appliances, hardware & building materials (-12%).
On the other hand, sales increased in stores selling via mail order or internet (3%) and stores selling textiles, clothing & footwear (2%).
On a monthly basis, retail sales declined sharply to 20.6% in January, the largest fall in five years, following a 7.3% growth in the previous month.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
