KSH: Hungary’s retail sales up 1.6%

Food

Retail sales in Hungary were up 1.6% in January and rose by 2.1% adjusted for calendar effects, as compared to the same month a year earlier, Hungary’s Central Statistical Office (KSH) said today in a report.

The volume of sales adjusted for calendar effects decreased by 1.5% in food, drinks and tobacco stores, KSH reported, adding that the decrease was primarily influenced by a high base effect. The turnover increased by 5.7% in non-food retail trade and by 4.4% in automotive fuel retailing, KSH added.

As compared to the previous month, the unadjusted rise of retail sales was down from 5% in December, according to data by KSH.

KSH data shows that in 2015 overall, retail sales were up 5.7% according to unadjusted data and rose 5.8% according to adjusted data.

KSH noted that legislation requiring most big retailers to remain closed on Sundays came into force in mid-March of last year, but said that more time and data were needed to gauge the effects of the law, Hungarian news agency MTI reported.

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