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Retail sales in Hungary up 16.2% y.o.y. in March

Retail

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In March 2022, the volume of retail trade acccording both raw and calendar-adjusted data was 16.2% higher than in March 2021, the Central Statistical Office (KSH) reports.

Compared to March 2021, the volume of sales was essentially unchanged in specialized and non-specialized food retailing. The volume of sales decreased by 0.3% in non-specialized food and beverages shops accounting for 76% of food retailing and increased by 2.4% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing increased by a total of 29.7% in volume. Sales volumes grew fourfold in textiles, clothing and footwear shops, threefold in second-hand goods shops, by 75% in furniture and electrical goods stores, by 59% in books, computer equipment and other specialized stores, by 13% in non-specialized shops dealing in manufactured goods and by 8.3% in pharmaceutical, medical goods and cosmetics shops.

The volume of mail order and internet retailing accounting for 8.9% of all retail sales and involving a wide range of goods fell by 7.3%.

The volume of sales in automotive fuel stations increased – due to the mid-month surplus purchases – by 51.4%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 9.1%.

March domestic retail sales amounted to HUF 1.375 trillion at current prices. Specialized and non-specialized food shops accounted for 44% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 36% and 20% respectively.

Retail trade volume up 10.3% in January-March

The volume of retail trade increased by 10.3% in January-March 2022 compared to the same period a year ago.

The volume of sales rose by 1.1% in specialized and non-specialized food shops, by 16.9% in non-food retail trade and by 27.4% in automotive fuel retail trade, according to data by KSH.

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