Adjusted for calendar effects, non-food retailing posted a strong 5.7% year-on-year increase, with textiles, clothing, and footwear sales leading at 11% growth. Pharmaceutical, medical goods, and cosmetics sales rose by 6.7%, while furniture and electrical goods saw a 3.9% increase.
Meanwhile, food retail sales grew modestly by 1.5%, with non-specialized food stores up 2.7%, though specialized food and beverage outlets declined by 2.3%.
Online and mail-order sales, comprising 8.3% of total retail, surged by 11%. However, sales at automotive fuel stations dropped by 5.%, influenced partly by regional flooding.
Retail turnover totaled HUF 1.568 tln in September, with specialized and non-specialized food shops generating 49% of sales, non-food retail 36%, and automotive fuel stations 15%.
The month-on-month retail sales decrease could be attributed to the September floods, KSH noted.
Cumulative data for January–September 2024 show a 2.7% rise in retail volume, with food retailing up by 3.8%, non-food sectors up 2.3%, and automotive fuel sales inching up by 0.6%.
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.
