Retail Sales Down 3.9% y.o.y. in December 2022
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In December 2022, the volume of sales in retail trade in Hungary decreased by 4.8% according to raw data, and by 3.9% when adjusted for calendar effects compared to the same period of the previous year, according to data published by the Central Statistical Office (KSH).
Compared to December 2021, the calendar-adjusted volume of sales decreased by 8.3% in specialized and non-specialized food retailing. The volume of sales decreased by 11% in non-specialized food and beverages shops accounting for 78% of food retailing and was essentially unchanged in specialized food, beverage, and tobacco stores.
The turnover of non-food retailing decreased by a total of 0.4% in volume. Sales volumes rose by 35% in second-hand goods shops, by 8.9% in pharmaceutical, medical goods, and cosmetics shops, by 8.7% in textiles, clothing, and footwear shops, and by 4.4% in books, computer equipment, and other specialized stores, while sales volumes decreased by 5.3% in furniture and electrical goods stores and by 5.5% in non-specialized shops dealing in manufactured goods.
The volume of mail orders and internet retailing accounting for 8.8% of all retail sales and involving a wide range of goods fell by 7.1%.
The fuel price cap, which was phased out at the beginning of December, has led to a fall in the volume growth of sales at automotive fuel stations. For the month as a whole, the volume of sales increased by 1.3%.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 2.1%.
In December 2022, domestic retail sales amounted to HUF 1.765 trillion at current prices.
Specialized and non-specialized food shops accounted for 48% of all retail sales, while the relevant figures for non-food retail trade and retail trade of refueling stations were 38% and 14% respectively.
In 2022 as a whole, the volume of retail trade in Hungary increased by 5.3% compared to the previous year. The volume of sales decreased by 1.5% in specialized and non-specialized food shops and rose by 5.8% in non-food retail trade and by 24.2% in automotive fuel retail trade.
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