Retail sales up 3% y.o.y. in July
Image by LaMography
In July 2021, the volume of sales in retail trade increased by 2.5% according to raw data and by 3% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Central Statistical Office (KSH).
The volume of sales increased by 3.7% in specialized and non-specialized food retailing. The volume of sales increased by 5% in non-specialized food and beverages shops accounting for 74% of food retailing and by 0.5% in specialized food, beverage and tobacco stores.
The turnover of non-food retailing increased by a total of 2.6%. Sales volumes rose by 7.1% in second-hand goods shops, by 3.3% in textiles, clothing and footwear shops, by 2.4% in pharmaceutical, medical goods and cosmetics shops, by 1.5% in non-specialized shops dealing in manufactured goods and by 0.8% in books, computer equipment and other specialized stores. Sales volumes fell by 7.6% in furniture and electrical goods stores.
Mail order and internet retailing, which covers a wide range of goods and accounts for 8.0% of retail sales, continued to expand in volume, by 16%.
Sales volumes in automotive fuel stations increased by 1.9%.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 15%.
In July 2021, domestic retail sales amounted to HUF 1.232 trillion at current prices. Specialized and non-specialized food shops accounted for 47% of all domestic retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 36% and 17% respectively.
In the first seven months of 2021, the volume of retail trade increased by 2.1% compared to January-July 2020.
The volume of sales rose by 1.8% in specialized and non-specialized food shops, by 3% in non-food retail trade and by 2.8% in automotive fuel retail trade.
ADVERTISEMENT
Continental Dohányipari Revenue Nears HUF 64 bln in 2022
Parl't Approves Amendments to Legislation on Judiciary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
