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Hungarian Retail Sales Keep Falling in July

Retail

In July 2023, Hungarian retail sales fell by 7.7% according to raw data, and by 7.6% when adjusted for calendar effects compared to the same period of 2022, according to data published by the Central Statistical Office (KSH).

Compared to July 2022, the volume of sales decreased by 4.1% in specialized and non-specialized food retailing. The volume of sales decreased by 4.1% in non-specialized food and beverages shops accounting for 76% of food retailing and by 3.8% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing decreased by a total of 5.5% in volume. Sales volumes rose by 2.8% in pharmaceutical, medical goods and cosmetics shops, while sales volumes decreased by 5.7% in books, computer equipment and other specialized stores, by 6.1% in second-hand goods shops, by 6.2% in textiles, clothing and footwear shops, by 11% in non-specialized shops dealing in manufactured goods and by 16% in furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 7.0% of all retail sales and involving a wide range of goods rose by 1.4%.

The volume of sales in automotive fuel stations was 20.5% down compared to the same month of last year.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 5.4%.

In July 2023, domestic retail sales amounted to HUF 1.57 trillion at current prices. Specialized and non-specialized food shops accounted for 50% of all retail sales, the relevant figures for non-food retail trade and retail trade of petrol stations were 33% and 17%.

January-July Retail Sales Down 9.9%

In January–July 2023 retail trade volume in Hungary decreased by 9.9%, compared to the first seven months of 2022.

The volume of sales fell by 7% in specialized and non-specialized food shops, by 7.6% in non-food retail trade, and by 21.7% in automotive fuel retail trade.

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