Retail Sales Down 4.5% y.o.y. in January
Photo by maxbelchenko / Shutterstock.com
In January 2023, the volume of sales in retail trade in Hungary decreased by 3.9% according to raw data, and by 4.5% when adjusted for calendar effects compared to the same period of 2022, according to data published by the Central Statistical Office (KSH).
According to calendar-adjusted data, the volume of sales decreased by 4.8% in specialized and non-specialized food retailing. The volume of sales decreased by 6.7% in non-specialized food and beverages shops accounting for 76% of food retailing and rose by 0.3% in specialized food, beverage, and tobacco stores.
The turnover of non-food retailing decreased by a total of 1.5% in volume. Sales volumes rose by 13% in textiles, clothing, and footwear shops, by 5.6% in books, computer equipment and other specialized stores, remained unchanged in second-hand goods shops, while sales volumes decreased by 1.9% in non-specialized shops dealing in manufactured goods, by 2.7% in pharmaceutical, medical goods and cosmetics shops and by 6.5% in furniture and electrical goods stores.
The volume of mail order and internet retailing accounting for 8.6% of all retail sales and involving a wide range of goods fell by 7.6% compared to January 2022.
The volume of sales in automotive fuel stations decreased by 9.7%, KSH notes.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 3.9%.
In January 2023, domestic retail sales amounted to HUF 1.333 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 petrol stations were 34% and 18% respectively.
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.