This was the slowest rate of increase since the current sequence of growth began in March 2021. Sales dropped for furniture, radio, TV and household appliances (-10.4% vs -7.6%), newspapers, books & other sales in specialized stores (-8.0% vs -0.1%), solid, liquid, and gaseous fuels (-7.8% vs -14.4%), and motor vehicles, motorcycles and parts (-2.8% vs -6.4%).
In contrast, sales accelerated for pharmaceuticals, cosmetics, orthopedic equipment (7.6% vs 6.1%), while sales slowed for textiles, clothing, footwear (7.2% vs 18.9%), and food, beverages and tobacco (1.9% vs 4.8%).
On a monthly comparison basis, retail sales jumped by 13.1% in December, reversing a 0.3% fall in November.
The recovery largely relied on a 30.7% jump in sales of newspapers, books, and other items in specialized stores.
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.
