Retail Sales Grew by 0.6% y.o.y. in November

Retail

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In November 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year, according to data published by the Central Statistical Office (KSH).

The volume of sales decreased by 6.7% in specialized and non-specialized food retailing compared to November 2021. The volume of sales decreased by 8.6% in non-specialized food and beverages shops accounting for 76% of food retailing and by 0.8% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing decreased by a total of 2.3% in volume. Sales volumes rose by 13% in textiles, clothing and footwear shops, by 8.6% in second-hand goods shops, by 4.1% in books, computer equipment and other specialized stores, remained unchanged in non-specialized shops dealing in manufactured goods, while sales volumes decreased by 3% in furniture and electrical goods stores and by 5.1% in pharmaceutical, medical goods and cosmetics shops.

The volume of mail order and internet retailing accounting for 10% of all retail sales and involving a wide range of goods fell by 9.8%.

The volume of sales in automotive fuel stations increased by 27.7%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 6.5%.

Domestic retail sales amounted to HUF 1.541 trillion at current prices in November 2022. Specialized and non-specialized food shops accounted for 45% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 38% and 17% respectively.

In January-November 2022, the volume of retail trade increased by 6.4% compared to the same period a year before. The volume of sales decreased by 0.8% in specialized and non-specialized food shops and rose by 6.6% in non-food retail trade and by 26.2% in automotive fuel retail trade.

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