Retail trade grows; half our purchases go in our mouths
The nominal value of Hungary’s retail trade grew by HUF 61 bln year-on-year in April, reaching HUF 745 bln, with food, drinks and tobacco sales comprising 47.9% of the retail sales, the Hungarian Statistics Office (KSH) reported today.
Gas stations provided 18.3% of retail trade, and non-food retail shops as a whole provided 33.8% of this trade.
Though tobacco sales have apparently grown, the latest data does not precisely reveal the change in actual sales. With the introduction of an online cash register system, and more government control, tobacco sales have become easier to track. The National Tobacco Trading Nonprofit Company has been in charge of recording sales since the government restructured and partially renationalized the tobacco retail industry on July 1, 2013.
KSH said that it tried to make adjustments in the way tobacco retail sales are recorded, to allow comparison of the new data with the old data, but some distortion should be expected.
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