KSH: Hungarian retail sales up 4.1% in April
Retail sales in Hungary saw a year-on-year rise of 4.1% in April, according to raw data, and rose by 5.0% adjusted for calendar effects, decelerating from March’s 6.5% increase, Hungary’s Central Statistics Office (KSH) said yesterday in its second reading of data. The volume of sales increased by 1.6% in specialized and non-specialized food retailing, KSH data suggest. The volume of sales grew by 1.5% in non-specialized food, drinks and tobacco stores accounting for 78% of food retailing and by 2.7% in specialized food, beverage and tobacco stores, the statistics office said. The turnover of non-food retailing increased by 7.1%, KSH said, adding that sales rose in second-hand goods shops (19%), textiles, clothing and footwear shops (15%), pharmaceutical, medical goods and cosmetics shops (7.3%), books, computer equipment and other specialized stores (7.2%), as well as in non-specialized stores (4.8%). The volume of sales in furniture and electrical goods stores remained unchanged. Adjusted for calendar year effects, retail sales were up 5.0% year-on-year in April. KSH noted that legislation requiring most big retailers to remain closed on Sundays came into force in mid-March, but it said that more time and data were needed to measure the effects of the new rule.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.