KSH: Hungary’s retail sales climb 6.4%

Food

Retail sales in Hungary saw a year-on-year rise of 6.4% in February, according to both calendar year-adjusted and unadjusted data, the Central Statistics Office (KSH) said in a second reading of data today.

KSH revised the figure slightly upwards from 6.2%, as was published in a first reading released on April 8. Calendar year-adjusted retail sales growth slowed from 8.7% in the previous month.

The office said that sales in the national retail trade network as well as in mail orders and internet retailing were HUF 609 bln at current prices. Food, drinks and tobacco stores accounted for 50% of all retail sales, while the relevant figures for non-food retail shops and the network of petrol stations were one third (34%) and 16%, respectively.

In year-on-year terms, the volume of sales increased by 3.3% in specialized and non-specialized food retailing, according to KSH, while the volume of sales grew by 3.8% in non-specialized food, drinks and tobacco stores accounting for 79% of food retailing and by 1.6% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing increased by 8.6%. The volume of sales in automotive fuel stations rose by 11%, but sales in motor vehicles and motor vehicle parts and accessories stores – not regarded as retailing by the European Statistical System – decreased by 1.8%.7.

graph source: ksh.hu

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