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Retail Sales in Hungary Down 13.1% y.o.y. in March

Retail

In March 2023, the volume of sales in retail trade – along with a significant base effect - decreased by 12.6% according to raw data and by 13.1% when adjusted for calendar effects compared to the same period of the previous year.

Compared to March 2022, the volume of sales decreased by 10.3% in specialized and non-specialized food retailing. The volume of sales decreased by 12% in non-specialized food and beverages shops accounting for 77% of food retailing and by 4.8% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing decreased by a total of 9.6% in volume. Sales volumes rose by 11% in second-hand goods shops, and remained largely unchanged in pharmaceutical, medical goods, and cosmetics shops, while sales volumes decreased by 3.4% in books, computer equipment, and other specialized stores, by 5% in textiles, clothing, and footwear shops, by 12% in non-specialized shops dealing in manufactured goods and by 21% in furniture and electrical goods stores.

The volume of mail orders and internet retailing accounting for 7.8% of all retail sales and involving a wide range of goods fell by 14%.

The volume of sales in automotive fuel stations decreased by 29.3%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 2.9%.

Domestic retail sales amounted to HUF 1.511 trillion at current prices in March 2023.

Specialized and non-specialized food shops accounted for 49% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 35% and 16%, respectively.

January-March Retail Sales Down 9.5% y.o.y.

In January-March 2023, the volume of retail trade decreased by 9.5% compared to the corresponding period of the previous year.

The volume of sales fell by 8.1% in specialized and non-specialized food shops, by 7.2% in non-food retail trade, and by 19.1% in automotive fuel retail trade.

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