Retail Sales Growth Hits 4.3% in June
Image by Pixabay
In July 2022, the volume of sales in retail trade increased by 3.8% according to raw data and by 4.3% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Centra Statistical Office (KSH).
According to calendar-adjusted data. the volume of sales decreased by 2.9% in specialized and non-specialized food retailing. The volume of sales decreased by 3.3% in non-specialized food and beverages shops accounting for 75% of food retailing and by 1.3% in specialized food, beverage, and tobacco stores.
On the other hand, the turnover of non-food retailing increased by a total of 3.2% in volume. Sales volumes rose by 14% in second-hand goods shops, by 7.1% in pharmaceutical, medical goods, and cosmetics shops, by 4.7% in textiles, clothing and footwear shops, by 4.5% in books, computer equipment, and other specialized stores, by 3.3 in non-specialized shops dealing in manufactured goods and by 1.4% furniture and electrical goods stores.
The volume of mail order and internet retailing accounting for 7% of all retail sales and involving a wide range of goods rose by 2.9%.
The volume of sales in automotive fuel stations increased by 27.6%.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 3.5%.
In July 2022, domestic retail sales amounted to HUF 1.472 trillion at current prices. Specialized and non-specialized food shops accounted for 47% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 34% and 19% respectively.
Jan-Jul Retail Sales up 9.3%
The volume of retail trade increased by 9.3% in Hungary in January-July 2022.
The volume of sales rose by 1.4% in specialized and non-specialized food shops, by 11% in non-food retail trade, and by 29.6% in automotive fuel retail trade.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Orbán's Salary Increased to HUF 4.178 mln
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
