Retail sales up 3% y.o.y. in July

Retail

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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.

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