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Retail sales down 4% y.o.y. in December 2020

Retail

Photo by STEKLO / Shutterstock.com

In December 2020, the volume of sales in retail shops decreased by 3.2% according to raw data and by 4% when adjusted for calendar effects compared to the same period of the previous year, according to a report by the Central Statistical Office (KSH).

The volume of sales increased by 1.9% in specialized and non-specialized food retailing compared to December 2019. The volume of sales increased by 2.3% in non-specialized food and beverages shops accounting for 77% of food retailing and decreased by 0.8% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing decreased by a total of 9.3%. The volume of sales fell in non-specialized shops dealing in manufactured goods (3.5%), pharmaceutical, medical goods and cosmetics shops (4.8%), books, computer equipment and other specialized stores (13%), furniture and electrical goods stores (20%), second-hand goods shops (31%) as well as in textiles, clothing and footwear shops (32%).

The volume of mail order and internet retailing accounting for 9.4% of all retail sales and involving a wide range of goods rose by 24%, continuing a multi-year expansion.

The volume of sales in automotive fuel stations decreased by 11.9%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 17%.

In December 2020,  sales in the national retail trade network as well as in mail order and internet retailing amounted HUF 1.238 trillion at current prices. Food, drinks and tobacco stores accounted for 49% of all retail sales, while the relevant figures for non-food retail shops and the network of petrol stations were 40% and 11% respectively.

In 2020 as a whole, the volume of sales in retail shops decreased by 0.2% compared to 2019. The volume of sales rose by 3% in specialized and non-specialized food shops and decreased by 0.4% in non-food retail trade and by 10% in automotive fuel retailing.

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