Retail sales down 2% year-on-year in March

Retail

In March 2021, the volume of retail trade decreased by 1.5% in raw data and by 2% in calendar-adjusted data, compared with the same period of the previous year, due to the impact of new restrictions affecting retail trade from March 8 and the base effect of the epidemic that started last year, the Central Statistical Office (KSH) reports.

Compared to March 2020, the volume of sales decreased by 2% in specialized and non-specialized food retailing. The volume of sales decreased by 1.8% in non-specialized food and beverages shops accounting for 76% of food retailing and by 2.9% in specialized food, beverage, and tobacco stores.

Non-food retailing was the main sector affected by the closures, with turnover down by 5.9% overall. Sales rose in non-specialized shops dealing in manufactured goods (8.8%). The volume of sales fell in pharmaceutical, medical goods and cosmetics shops (19%), books, computer equipment, and other specialized stores (22%), furniture and electrical goods stores (46%), textiles, clothing, and footwear shops (48%) as well as in second-hand goods shops (59%).

Mail order and internet retailing, which covers a wide range of goods and accounts for 13% of retail sales, grew by 62% in volume to a record HUF 140 billion.

After one year, the turnover of petrol stations has started to grow again, with a 2.1% volume increase compared to last year.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 2.9%.

Domestic retail sales amounted to HUF 1.095 trillion at current prices in March 2021

Specialized and non-specialized food shops accounted for 51% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 34% and 15% respectively.

Retail sales down 3.2% y.o.y. in January-March

Compared to January-March 2020, the volume of sales in retail shops decreased by 3.2% in the first three months of 2021.

The volume of sales decreased by 1.4% in specialized and non-specialized food shops, by 4% in non-food retail trade, and by 5.8% in automotive fuel retailing.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.