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Retail Sales up 4.5% y.o.y. in June

Retail

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In June 2022, the volume of sales in retail trade increased by 4.1% according to raw data and by 4.5% when adjusted for calendar effects compared to June 2021, according to data published by the Central Statistical Office (KSH).

The volume of sales decreased by 0.3% year-on-year in specialized and non-specialized food retailing. The volume of sales decreased by 1.1% in non-specialized food and beverages shops accounting for 75% of food retailing and increased by 2.5% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing increased by a total of 2.5% in volume.

Sales volumes rose by 13.2% in second-hand goods shops, by 8.6% in pharmaceutical, medical goods, and cosmetics shops, by 4.3% in books, computer equipment, and other specialized stores, and by 4% in textiles, clothing, and footwear shops.

Sales volume fell by 3.1% in non-specialized shops dealing in manufactured goods and by 4.3% in furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 8.3% of all retail sales and involving a wide range of goods rose by 5.9%.

The volume of sales in gas stations increased by 23.6%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 2.4%, according to KSH.

In June 2022, domestic retail sales amounted to HUF 1.429 trillion at current prices.

Specialized and non-specialized food shops accounted for 45% of all retail sales, while the relevant figures for non-food retail trade and retail trade of gas stations were 36% and 19% respectively.

Retail sales up 10.3% in January-June

In January–June 2022, the volume of retail trade increased by 10.3%.

The volume of sales rose by 2.2% in specialized and non-specialized food shops, by 12.5% in non-food retail trade, and by 30% in automotive fuel retail trade.

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