Retail Sales in Hungary up 0.6% y.o.y. in Oct

Retail

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In October 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).

Compared to October 2021, the volume of sales decreased by 5.6% in specialized and non-specialized food retailing. The volume of sales decreased by 7.2% in non-specialized food and beverages shops accounting for 76% of food retailing and by 0.9% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing decreased by a total of 0.9% in volume. Sales volumes rose by 8.6% in second-hand goods shops and by 5.4% in non-specialized shops dealing in manufactured goods.

Sales volumes decreased by 0.6% in furniture and electrical goods stores, by 0.8% in books, computer equipment and other specialized stores, by 1.3% in textiles, clothing and footwear shops and by 2.0% in pharmaceutical, medical goods and cosmetics shops.

The volume of mail order and internet retailing accounting for 7.8% of all retail sales and involving a wide range of goods fell by 1.7%.

The volume of sales in automotive fuel stations increased by 19.7%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 2.2%.

Domestic retail sales in October 2022 amounted to HUF 1.52 trillion at current prices. Specialized and non-specialized food shops accounted for 46% of all retail sales, while the relevant figures for non-food retail trade and retail trade of refueling stations were 36% and 18% respectively.

In January-October 2022, the volume of retail trade increased by 7% compared to the corresponding period of 2021. The volume of sales decreased by 0.2% in specialized and non-specialized food shops and rose by 7.6% in non-food retail trade and by 26.1% in automotive fuel retail trade.

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