Retail sales, excluding VAT (value-added tax), decreased a working-day adjusted 0.1% year-on-year in February, following a 4.1% fall in January. Sales of non-food stores declined 7.1% annually in February.
Sales in specialized stores rose 11.9%. Sales in non-specialized stores and those of food, alcoholic beverages and tobacco increased by 8.6%, each.
On a month-on-month basis, retail sales grew a seasonally adjusted 5.5% in February.
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.
