Retail Sales Fall in September

Retail

In September 2023, the volume of sales in retail trade decreased by 7.8% according to raw data, and by 7.3% when adjusted for calendar effects compared to September 2022, according to data published by the Central Statistical Office (KSH).

 

According to calendar-adjusted data, the volume of sales decreased by 2.3% year-on-year in specialized and non-specialized food retailing. The volume of sales decreased by 2.7% in non-specialized food and beverages shops accounting for 75% of food retailing and by 0.7% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing decreased by a total of 7.5% in volume. Sales volumes rose by 6.6% in pharmaceutical, medical goods and cosmetics shops, while sales volumes decreased by 5.9% in books, computer equipment and other specialized stores, by 14% in non-specialized shops dealing in manufactured goods, by 16-16% in furniture and electrical goods stores and second-hand goods shops and by 19% in textiles, clothing and footwear shops.

The volume of mail order and internet retailing accounting for 7.6% of all retail sales and involving a wide range of goods was essentially unchanged, KSH notes.

The volume of sales in automotive fuel stations was 19.9% down compared to September 2022.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data was essentially unchanged.

Domestic retail sales in September 2023 amounted to HUF 1.53 trillion at current prices. Specialized and non-specialized food shops accounted for 48% of all retail sales, the relevant figures for non-food retail trade and retail trade of petrol stations were 34% and 18%.

Retail Trade Down Over 9% in January-September

According to calendar-adjusted data by KSH, the volume of retail trade decreased by 9.3% in January-September 2023, compared to the same period last year.

The volume of sales fell by 6.1% in specialized and non-specialized food shops, by 7.3% in non-food retail trade, and by 21.1% in automotive fuel retail trade.

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