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Retail sales up 9.8% y.o.y. in February

Retail

In February 2022, the volume of retail trade in both raw and calendar-adjusted data was 9.8% higher than in the same month of the previous year, according to data by the Central Statistical Office (KSH).

Compared to February 2021, the volume of sales increased by 3.4% in specialized and non-specialized food retailing. The volume of sales increased by 3.2% in non-specialized food and beverages shops accounting for 76% of food retailing and by 3.9% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing increased by a total of 14.6% in volume. Sales volumes rose by 50% in second-hand goods shops, by 40% in textiles, clothing, and footwear shops, by 16% in pharmaceutical, medical goods and cosmetics shops, by 15% in books, computer equipment and other specialized stores, by 12% in non-specialized shops dealing in manufactured goods and by 9.1% in furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 9.1% of all retail sales and involving a wide range of goods rose by 9.2%, continuing a multi-year expansion, KSH notes.

The volume of sales in automotive fuel stations increased by 19%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 7.6%.

In February 2022, domestic retail sales amounted to HUF 1.149 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 petrol stations were 37% and 18% respectively.

January-February retail sales up 7% y.o.y.

The volume of retail trade in the first two months of 2022 increased by 7% compared to January-February 2021.

The volume of sales rose by 1.7% in specialized and non-specialized food shops, by 10.4% in non-food retail trade, and by 14.8% in automotive fuel retail trade.

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