Retail sales up 4.1% y.o.y. in January

Retail

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In January 2022, the volume of retail sales in Hungary increased by 4.5% according to raw data and by 4.1% when adjusted for calendar effects compared to the same period of the previous year, according to data released by the Central Statistical Office (KSH).

According to calendar-adjusted data, the volume of sales did not change in specialized and non-specialized food retailing. Compared to January 2021, the volume of sales decreased by 0.8% in non-specialized food and beverages shops accounting for 75% of food retailing and increased by 2.3% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing increased by a total of 6.4% in volume compared to the first month of 2021. Sales volumes rose by 33% in second-hand goods shops, by 18% in pharmaceutical, medical goods and cosmetics shops, by 15% in textiles, clothing and footwear shops and by 2.2% in books, computer equipment and other specialized stores. Sales volumes fell by 3.6% in non-specialized shops dealing in manufactured goods and by 6.3% in furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 9.9% of all retail sales and involving a wide range of goods rose by 8.2%, continuing a multi-year expansion.

The volume of sales in automotive fuel stations increased by 10.7%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 4.5%.

In January 2022 as a whole, domestic retail sales amounted to HUF 1.094 trillion at current prices.

Specialized and non-specialized food shops accounted for 46% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 37% and 17% respectively.

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