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Retail sales up 10.6% y.o.y. in April

Retail

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data, compared with the same period of 2020, according to data by the Central Statistical Office (KSH).

The increase is a result of the gradual lifting of restrictions from mid-month, and the low point in April last year, the statistical agency argues.

Compared to April 2020, the volume of sales increased by 3.3% in specialized and non-specialized food retailing. Sales increased by 2.9% in non-specialized food and beverages shops accounting for 75% of food retailing and by 5.1% in specialized food, beverage, and tobacco stores.

The lifting of restrictions and the base effect typically affected non-food retail trade, which grew by 21.3% overall. Sales volumes rose sixfold in textiles, clothing and footwear shops, threefold in second-hand goods shops, by 38% in books, computer equipment and other specialized stores, by 18% in pharmaceutical, medical goods and cosmetics shops and by 8.6% in non-specialized shops dealing in manufactured goods. Sales volumes fell in furniture and electrical goods stores (4.2%).

Mail order and internet retailing, which covers a wide range of goods and accounts for 9.7% of retail sales, continued to expand by 6.4% in volume, following record growth in April last year.

Sales volumes in automotive fuel stations increased by 19.2%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 30%.

Domestic retail sales amounted to HUF 1,064 billion at current prices in April 2021. Specialized and non-specialized food shops accounted for 48% of all domestic retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 37% and 15% respectively.

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