Retail sales up 11.1% y.o.y. in May

Retail

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In May 2022, the volume of sales in retail trade in Hungary increased by 12% according to raw data and by 11.1% when adjusted for calendar effects compared to the same period of the previous year, according to data published by the Central Statistical Office (KSH).

Compared to May 2021, the volume of sales increased by 3% in specialized and non-specialized food retailing. The volume of sales increased by 2.4% in non-specialized food and beverages shops accounting for 75% of food retailing and by 3.7% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing increased by a total of 9.5% in volume. Sales volumes rose by 54% in second-hand goods shops, by 35% in textiles, clothing and footwear shops, by 12% in pharmaceutical, medical goods and cosmetics shops, by 9.4% in books, computer equipment and other specialized stores, by 7.9% in non-specialized shops dealing in manufactured goods and by 1.1% furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 8.2% of all retail sales and involving a wide range of goods fell by 1.4%.

The volume of sales in automotive fuel stations increased by 37.5%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 11%.

In May 2022, domestic retail sales amounted to HUF 1.435 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 37% and 19% respectively.

In January-May 2022, the volume of retail trade increased by 11.6% compared to the same period of 2021. The volume of sales rose by 2.7% in specialized and non-specialized food shops, by 14.9% in non-food retail trade, and by 31.6% in automotive fuel retail trade.

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