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Hungary retail sales fall 1.1% in February

Pharma

Retail sales in Hungary fell a calendar-year-adjusted 1.1% year-on-year in February, slowing from a 2.6% decline in the previous month, the Central Statistics Office (KSH) said on Wednesday. The February drop was revised up from a 1.4% decline in a first reading of data published on April 4. Food sales dropped a calendar-year-adjusted 2.6% in February. Non-food sales edged up 0.4% and vehicle fuel sales were down 3.8%. Unadjusted data show retail sales fell 2.3% in February, decelerating from a 2.6% decline in January. In a month-on-month comparison, retail sales rose 0.2% year-on-year in February after falling 0.4% in January, adjusted for seasonal and calendar-year effects. Food sales dipped 0.2% but non-food sales rose 0.7%. Fuel sales slipped 0.7%. In absolute terms, retail sales came to HUF 555.4 billion in February. Food sales reached HUF 269.1 billion and non-food sales were HUF 181.8 billion.

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