Retail sales, except motor vehicles and motorcycles, fell sharply by a calendar-adjusted 6.9% year-on-year in May, reversing a 5.7% increase in April.
Moreover, this was the first fall since March 2021.
The annual comparison was influenced by a higher comparison basis, the Prague-based agency said.
Sales from non-food assortments were significantly higher in May last year after the release of pandemic measures.
Sales of non-food products fall 7.6%, and those of food, beverages and tobacco dropped 6.3%.
Retail sales of automotive fuel in specialized stores slid 5.2%. Sales and repair of motor vehicles and motorcycles also went down by 8.1%.
Retail sales via mail order houses or via the internet continued to decrease by 10.1%.
On a monthly basis, retail sales moved up 2.3% in May.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
